Multiple Choice
Owner's equity is:
A) the amount taken out of a business by the owner for personal use.
B) the financial interest of the owner of a business.
C) the amount the owner owes the business.
D) the revenues less the expenses.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: Funds taken from the business by the
Q18: Withdrawals by the owner are reported on
Q23: When revenue and expenses are equal, the
Q74: The figure below shows the transactions for
Q76: The statement of _ reports the changes
Q77: The owner's investment or equity in a
Q78: If a business issued a check for
Q80: Identify the type of accounts that would
Q81: If a business issues a check for
Q82: If a business receives $5,000 on account