Statement of Change in Owner's Equity
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The Statement of Changes in Owners Equity shows:
A. The change in cash during a year
B. Revenues, expenses and liabilities for the period
C. Net income and dividends for the period
D. Paid in capital and long term debts at the end of the period
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The solution provides an answer to a question on statement of change in owner's equity.
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Answer: C. Net income and dividends for the period.
The change in cash during a year is shown by the statement of cash flow. Revenues and expenses are shown on the Income statement. ...
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