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...

See similar textbooks

Similar questions

All of the following increase owner’s equity except for which one?A. gainsB. investments by ownersC. revenuesD. acquisitions of assets by incurring liabilities
Which of the given series have the same effect on Owners' Equity? Select one: a. Owner's Drawings & Expenses b. Assets & Liabilities c. Owner's Drawings & Revenues d. Liabilities & Revenues
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
Capitalizing a cost involves increasing what type of account?a. Liabilityb. Expensec. Stockholders’ equityd. Asset
Financial Account
The balance sheet lists which of the following?A. assets, liabilities, and owners’ equityB. revenues, expenses, gains, and lossesC. assets, liabilities, and investments by ownersD. revenues, expenses, gains, and distributions to owners
Which of the following accounts is an owners equity account ? A.Account payable B.Prepaid expenses C.Capital D.Accrued Liability
What are two transaction types that increase owner's equity? expenses and revenue O withdrawals and investments O investments and revenue expenses and withdrawals
Best choice
69. Claim against assets are represented by A. saved earning B. retained earnings C. maintained earning D. saving account earning
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
How to compute the ratio of liabilities to owner's equity

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Century 21 Accounting General Journal

Accounting

ISBN:

9781337680059

Author:

Gilbertson

Publisher:

Cengage

SEE MORE TEXTBOOKS

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