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What is equity in accounting?

ACCOUNTING, PLZ HELP. The statement of owner's equity.....?

  • The statement of owner's equity: A. Reports how equity changes at a point in time. B. Reports how equity changes over a period of time. C. Reports on cash flows for operating, financing, and investing activities over a period of time. D. Reports on cash flows for operating, financing, and investing activities at a point in time. E. Reports on amounts for assets, liabilities, and equity at a point in time.

  • Answer:

    E

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