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Equity is the Amount of a company's capital is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity?

Equity is the Amount of a company's capital is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity? O a. Cash, Accounts payable, supplies O b. Accounts payable, Accounts receivable, supplies O C. Accounts payable, bank overdraft, outstanding expenses O d. Retained earnings, dividend, drawings
Transcribed Image Text:Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity? O a. Cash, Accounts payable, supplies O b. Accounts payable, Accounts receivable, supplies O C. Accounts payable, bank overdraft, outstanding expenses O d. Retained earnings, dividend, drawings
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