The year-end balance of the owner’s capital account appears in

The year-end balance of the owners capital account appears in both the statement of owners equity and the income statement only the statement of owners equity both the statement of owners equity and the balance sheet both the statement of owners equity and the statement of cash flows

Answer

The correct option is : ‘both the statement of owners equity and the balance sheet.’

The year end balance of owner capital account is calculated as net income+beginning capital balances-dividends paid.Such balance is represented in the statement of owners equity and is then shown under total stockholders equity in the balance sheet.

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