Multiple Choice
Which one of the following items decreases owner's equity?
A) Revenues
B) Investments by owners
C) Drawings
D) Purchase of equipment
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q64: If total liabilities decreased by $60000 and
Q103: _ are a withdrawal of cash or
Q104: Which of the following is an internal
Q105: Identify the impact on the accounting equation
Q107: Meile Company purchases $500 of supplies from
Q109: Liabilities of a company are owed to<br>A)
Q109: Odom Company compiled the following financial
Q111: If an owner makes a withdrawal of
Q112: Blue Ridge Company has assets of $22,000
Q226: Liabilities<br>A) are future economic benefits.<br>B) are existing