When preparing the statement of owner's equity, the beginning ...

[CharlieWard]

When preparing the statement of owner's equity, the beginning capital balance can always be found
 a. in the Income Statement columns of the work sheet
  b. in the statement of cash flows
  c. in the general ledger
  d. in the Balance Sheet columns of the work sheet

Question 2

Which of the following is true of a budget?
 
  A) Budgets are used to express only the operational plans and not the strategic plans of a company.
  B) Budgets do not account for nonfinancial aspects of the upcoming period.
  C) Budgets are most useful when they are planned independent of the company's strategic plans.
  D) Budgets help managers to revise their plans and strategies.

[deja]

Answer to Question 1

c

Answer to Question 2

Answer: D

[CharlieWard]

Thank you

[deja]

No problemo