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  3. Study Set
    College Accounting
  4. Exam
    Exam 13: Financial Statements and Closing Procedures
  5. Question
    The Statement of Owner's Equity Is Prepared Before the Balance
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The Statement of Owner's Equity Is Prepared Before the Balance

Question 7

Question 7

True/False

The statement of owner's equity is prepared before the balance sheet so that the beginning owner's equity balance is available for the balance sheet.

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