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
The resulting amount when total liabilities are subtracted from total assets is known as Select one: O a. Total expenses O b. Net income or net loss Oc. Total revenue O d. Owner's equity
69. Claim against assets are represented by A. saved earning B. retained earnings C. maintained earning D. saving account earning
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?
are items owed to a creditor. company. resources. are items owned by a represents owners' claims to company a. Expenses; Revenues; Net income b. Expenses; Revenues; Stockholders' equity c. Liabilities; Assets; Stockholders' equity d. Liabilities; Assets; Net income
Which of the following accounts is least likely to have its balance change on the worksheet? a. Salaries Payable. b. Supplies. c Accumulated Depreciation. d. Sharer Capital-ordinary
Which of the following does not decrease Owner's equity? owner's withdrawals. owner's drawings. owner's investments. expenses.
owner's equity is A. added to assets and the two are equal to liabilities b. added to liabilities and the two are equal to assets c. subtracted from liabilities and the net amout is equal to assets d equal to the total of assets and liabilities
Financial Account

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