For each of the following items, identify in they increase, decrease or have no impact on owner's equity. Item Increase, Decrease, or No Impact Unearned Revenue [ Select ) Gains [ Select]
For each of the following items, identify in they increase, decrease or have no impact on owner's equity. Item Increase, Decrease, or No Impact Unearned Revenue [ Select ) Gains [ Select]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![**Assessment of Items on Owner's Equity**
For each of the following items, identify if they increase, decrease, or have no impact on owner's equity.
| Item | Increase, Decrease, or No Impact |
|--------------------|----------------------------------|
| Unearned Revenue | [ Select ] |
| Gains | [ Select ] |
| Owner's Draws | [ Select ] |
This table presents a list of financial items and asks learners to select whether each item causes an increase, decrease, or no impact on owner's equity. The table is an interactive part of the educational content designed to help students understand how different financial elements affect owner's equity.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fda704709-c32b-4e3a-9fcd-440b5249bce8%2Fa494bd40-6006-4c06-b36e-a32a9301a1b0%2Faedoo9p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Assessment of Items on Owner's Equity**
For each of the following items, identify if they increase, decrease, or have no impact on owner's equity.
| Item | Increase, Decrease, or No Impact |
|--------------------|----------------------------------|
| Unearned Revenue | [ Select ] |
| Gains | [ Select ] |
| Owner's Draws | [ Select ] |
This table presents a list of financial items and asks learners to select whether each item causes an increase, decrease, or no impact on owner's equity. The table is an interactive part of the educational content designed to help students understand how different financial elements affect owner's equity.
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