Which of the following will be subtracted while calculating ending equity under statement of changes in equity? a. Drawings b. Gross profit c. Reserves and surplus d. Net profit
Which of the following will be subtracted while calculating ending equity under statement of changes in equity? a. Drawings b. Gross profit c. Reserves and surplus d. Net profit
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...
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Which of the following will be subtracted while calculating ending equity under statement of changes in equity?
a.
Drawings
b.
Gross profit
c.
Reserves and surplus
d.
Net profit
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