Answered: Owner's equity can be increased through…

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.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....

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Question

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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.

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