Answered

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The statement of owner's equity illustrates how a business's _______ changes over a specific reporting period.

A. overall value
B. gross income
C. net income
D. capital balance

Sagot :

GinnyAnswer

Final answer:

The statement of owner's equity reflects changes in a business's capital balance influenced by net income.


Explanation:

The statement of owner's equity illustrates how a business's capital balance changes over a specific reporting period. The net income impacts this change as it reflects the difference between revenues and expenses, ultimately affecting the equity shown on the balance sheet.


Learn more about owner's equity and net income in business here:

https://brainly.com/question/43515520


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