General accounting The owner's equity will be reduced by all of the following except:a. revenues.b. expenses.c. withdrawals.d. All of these choices are correct.

Explanation: Evaluation of the given options:Option a. is correct because revenues refers to the…

Answered: The owner's equity will be reduced by…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 4DQ: Describe two ways to increase owners equity and two ways to decrease owners equity

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The owner's equity will be reduced by all of the following except: a. revenues. b. expenses. c. withdrawals. d. All of these choices are correct.