17. The net income or net loss is calculated on the: a. Balance Sheet. b. Statement of Owner's Equity. c. Statement of Losses and Gains d. None of these 18. Revenue, Expenses, and withdrawals are subdivisions of: a. Assets. b. Liabilities. c. Owner's Equity. d. All of these answers are correct. 19. The financial statement that shows business results in terms of Revenue and Expenses is: a. Customer Statement. b. The Balance Sheet. c. The Statement of Owner's Equity. d. None of the above. 20. The accounting report that shows the changes in capital during the accounting period is: a. The Income Statement. b. Statement of Owner's Equity. c. The Balance Sheet. d. All of these answers are correct.