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    Fundamental Accounting Principles Study Set 5
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    Exam 1: Accounting in Business
  5. Question
    Ending Capital Reported on the Statement of Changes in Equity
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Ending Capital Reported on the Statement of Changes in Equity

Question 226

Question 226

True/False

Ending capital reported on the statement of changes in equity is calculated by adding owner investments and net losses and subtracting net incomes and withdrawals.

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