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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 2 / 292 | 
                
    
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2. The statement of changes in equity shows the changes in ownerâs equity during a specific time period. Increases in ownersâ equity = owner investments and net profit and decreases in ownersâ equity = owner drawings and net loss.
3. The balance sheet or âstatement of financial positionâ lists all the entityâs assets, liabilities and ownersâ equity as at a specific date (e...
        
        
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2. The statement of changes in equity shows the changes in ownerâs equity during a specific time period. Increases in ownersâ equity = owner investments and net profit and decreases in ownersâ equity = owner drawings and net loss.
3. The balance sheet or âstatement of financial positionâ lists all the entityâs assets, liabilities and ownersâ equity as at a specific date (e...
        
        
            Essay fragment
        
    
                
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