Multiple Choice
All of the following are true regarding Owners' Equity except:
A) Owners' Equity accounts represent the net worth of a business,and are only increased by an investment in the business.
B) Owners' Equity accounts are decreased by net losses and dividends (for corporations) .
C) Owners' Equity accounts are increased by owners' investments in the business and net profits retained in the business rather than paid out in dividends.
D) Owners' Equity is calculated by Assets = Liabilities + Owners' Equity.
Correct Answer:
Verified
Correct Answer:
Verified
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