menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 1: Accounting in Business
  5. Question
    A Primary Operating Objective of a Business Is to Increase
Solved

A Primary Operating Objective of a Business Is to Increase

Question 83

Question 83

Multiple Choice

A primary operating objective of a business is to increase the equity of its owner or owners by


A) acquiring assets
B) incurring liabilities
C) earning a profit
D) incurring expenses
E) increasing retained earnings

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: Below is the adjusted trial balance of

Q79: Describe the revenue recognition principle.

Q80: The statement of cash flows measures the

Q81: The primary purpose of Generally Accepted Accounting

Q82: An audit<br>A) is required for every business<br>B)

Q84: For each of the following transactions, identify

Q85: Profit is the excess of expenses over

Q86: Sole proprietorships and partnerships are not subject

Q87: The excess of expenses over revenues for

Q88: Career opportunities in accounting include auditing, forensic

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines