None Owner's equity can be increased throughA) investments by the owner.B) withdrawals by the owner.C) expenses exceeding revenues.D) purchases of assets for cash.

The correct answer is:A) investments by the owner. Explanation:Owner's equity represents the…

Answered: Owner's equity can be increased through…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 11Q: Explain how the following items affect equity: revenue, expenses, investments by owners, and...

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Similar questions

What is the owner’s right to the assets (claims to the assets) of the business called? Group of answer choices cash revenue accounts receivable owner’s equity or capital
Need correct answer. Account
Explain how the following items affect equity: revenue, expenses, investments by owners, and distributions to owners.
To purchase an asset such as office equipment on account, you would credit which account? (a) Cash (c) Accounts Payable (b) Accounts Receivable (d) Capital
Which of the following would be included in the financing section? A. loss on sale of investments B. depreciation expense C. increase in notes receivable D. decrease in notes payable
All of the following increase owners equity except for which one? A. gains B. investments by owners C. revenues D. acquisitions of assets by incurring liabilities
What are two transaction types that increase owner's equity? expenses and revenue O withdrawals and investments O investments and revenue expenses and withdrawals
What business record shows the results of the proprietorship’s borrowing assets from the business, usually anticipation of profits? A. Proprietor’s Withdrawals B. Proprietor’s Investment C. Proprietor’s Capital D. Proprietor’s Assets
Revenue and Expense Accounts Are revenue and expense accounts equal to equity in how cash is a part of assets?
In which account, how do businesses keep track of their profits arising from the sale of tangible assets?A) Other Income To Be AccountedB) Debited to Ordinary Income and ProfitsC) Other Discounts will be credited to your accountD) Prior Period Income and Profits Will Be AccountedE) Other Extraordinary Income and Profits Will Be Accounted
Which of the following is deductible as interest on Schedule A? a.Subscriptions to professional publications. b.Unreimbursed business expenses. c.Charitable contributions. d.Investment expenses. e.Gambling losses to the extent of gambling winnings.
Investment is a [A] personal account [B] real account [C] nominal account [D] representative personal account

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Owner's equity can be increased through A) investments by the owner. B) withdrawals by the owner. C) expenses exceeding revenues. D) purchases of assets for cash.