Give typing answer with explanation and conclusion  1. ________ are items owed to a creditor. ________ are items owned by a company. ________ represents owners' claims to company resources.   Expenses; Revenues; Net income   Expenses; Revenues; Stockholders��� equity   Liabilities; Assets; Stockholders' equity   Liabilities; Assets; Net income

Contribution received from shareholders will be recorded as. a. Dr Receivables Cr Cash account b. Dr Capital Cr Cash account c. Dr Cash account Cr Capital d. Dr Cash account Cr receivables

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

Owner's equity can be increased through a.expenses exceeding revenues. b.investments by the owner. c.purchases of assets for cash. d.withdrawals by the owner.

What  are business transactions called that increase owner’s equity as a result of providing a services or selling products to customers? Group of answer choices revenue expense liability asset

Best choice

Match each account type with its description Account Classifications Descriptions 1. Assets 2. Liabilities  3. Stockholders’ equity 4. Dividends 5. Revenues 6. Expenses a. Sales of products or services. b. Owners’ claims to resources. c. Distributions to stockholders.  d. Costs of selling products or services. e. Resources of a company. f. Amounts owed.

What is the formula used to calculate Owner's Equity on a balance sheet?   Question 4 options:   The fundamental accounting equation   Assets + Liabilities = Owner's Equity   Cash – Liabilities = Owner's Equity   Y = mx + b