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Answer the following 83) The Beginning Capital account would appear on which financial statement? A) Statement of owner's equity B) Balance sheet CI Income statement

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83) The Beginning Capital account would appear on which financial statement? A) Statement of owner's equity B) Balance sheet CI Income statement Dj None of these arawers are nest 84) The income statement contains A) liabilities. B) revenues. Dj Both B and Care correct. 85) On which financial statement would you find the ending Capital balance? A) Income statement B) Balance Sheet C) Statement of owner's equity Dj Both B and Care correct. 86) Which of the following is prepared last? A) Balance Sheet Bj Income Statement C) Statement of Owner's Equity D) Trial Balance 57) Net income or net loss for a period is calculated by the following formula: A) total revenues - total withdrawals. B) total revenues - total expenses - total withdrawals. C) total revenues - total expenses. Dj total revenues - total expenses + capital. 85) Which type of account would NOT be reported on the balance sheet? A) Revenue B) Cash C) Accounts Payable D) Accounts Receivable Below is the Trial Balance for Benson Company for June 30, 2020. Trial Balance June 30, 2020 10

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