Que. Account OWNER'S EQUITY IS DECREASED BY:A. ASSETS.B. REVENUES.C. EXPENSES.D. LIABILITIES.

The correct answer is:c. expenses. Explanation:Owner's equity is decreased by expenses…

Answered: OWNER'S EQUITY IS DECREASED BY: A.…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 11MC: All of the following increase owners equity except for which one? A. gains B. investments by owners...

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Similar questions

Capitalizing a cost involves increasing what type of account?a. Liabilityb. Expensec. Stockholders’ equityd. Asset
Which of the following decreases owner’s equity?A. investments by ownersB. lossesC. gainsD. short-term loans
All of the following increase owner’s equity except for which one?A. gainsB. investments by ownersC. revenuesD. acquisitions of assets by incurring liabilities
69. Claim against assets are represented by A. saved earning B. retained earnings C. maintained earning D. saving account earning
SLO-3.2. Which of the following is NOT a type of owner's equity? ORent Income OWithdrawls OOwner's Investment OAccounts Payable
Owner's equity can be increased through _____. a. withdrawals by the owner b. purchase of assets by cash c. investments by the owner d. expenses exceeding revenues
Which is FALSE ? A. Assets = Owner’s Equity + Liabilities. B. Assets – Liabilities = Owner’s Equity. C. Assets + Liabilities = Owner’s Equity. D. Assets – Owner’s Equity = Liabilities.
Which of the following is not included on the statement of owner's equity? a.Additional investments by the owner b.Net income or loss c.Withdrawals by the owner d.Revenues
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
Explain how the following items affect equity: revenue, expenses, investments by owners, and distributions to owners.
For each independent situation below, calculate the missing values for owners equity
Increases to owner's equity may be from what?

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OWNER'S EQUITY IS DECREASED BY: A. ASSETS. B. REVENUES. C. EXPENSES. D. LIABILITIES.