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There are four transactions that affect owner's equity. a. What are the two types of transactions that increase owner's equity? b. What are the two types of transactions that decrease owner's equity?

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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There are four transactions that affect owner's equity.
a. What are the two types of transactions that increase owner's equity?
b. What are the two types of transactions that decrease owner's equity?

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