The amount of net income is added on the statement of owner's equity. 

Answer the following statement true (T) or false (F)


True

Business

You might also like to view...

Why do capital investment decisions require consideration of the time value of money?

Business

Explain the two widely-used encoding schemes, ASCII and EBCDIC

What will be an ideal response?

Business

A codicil is a rewriting of an original will

Indicate whether the statement is true or false.

Business

When ending a lease on an apartment, if any damage is found and it was there when you moved in, point that out in the lease or the addendum that you signed or show the video you took when you first moved in so you don't have to pay for what?

A) Existing Damages B) Damages C) Necessary Repairs D) Holes in the wall E) Superficial damages

Business