OWNER'S EQUITY IS INCREASED BY:A. DRAWINGS.B. REVENUES.C. EXPENSES.D. LIABILITIES.

The correct answer is:b. revenues. Explanation:Owner's equity increases when the business generates…

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

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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How to compute the ratio of liabilities to owner's equity
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OWNER'S EQUITY IS INCREASED BY: A. DRAWINGS. B. REVENUES. C. EXPENSES. D. LIABILITIES.