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



Answer :

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.


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