In what order should The Statement of Owner’s Equity should be prepared?

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In what order should The Statement of Owner’s Equity should be prepared?

_before the income statement and after the balance sheet
_before the income statement and balance sheet
_after the income statement and balance sheet
_after the income statement and before the balance sheet

2007-12-09 07:39:18 · 3 answers · asked by fun_intelligentcrafty 1 in Business & Finance ➔ Personal Finance

3 answers

after the income statement and before the balance sheet

2007-12-10 12:19:20 · answer #1 · answered by kkuhn130 5 · 2⤊ 0⤋

Equity is not dependent on income so it can be prepared before the income statement. It is dependent on the balance sheet, so that would need to be prepared first.

2007-12-10 23:02:45 · answer #2 · answered by VATreasures 6 · 0⤊ 0⤋

numbe one!!!

2007-12-13 10:18:11 · answer #3 · answered by mister ed 7 · 0⤊ 0⤋