Answered: Which of the following increases…

Which of the following increases owner’s equity?a) Paying off a liabilityb) Earning revenuec) Incurring an expensed) Buying equipment

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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Question

Which of the following increases owner’s equity?
a) Paying off a liability
b) Earning revenue
c) Incurring an expense
d) Buying equipment

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