Multiple Choice
Match the letter of each element with the appropriate definition.
-A decrease in the equity of a particular business enterprise resulting from transferring assets,rendering services,or incurring liabilities by the enterprise to owners.Decreases ownership interest (or equity) in an enterprise.
A) Assets
B) Liabilities
C) Equity
D) Investments by owners
E) Distribution to owners
F) Comprehensive income
G) Revenues
H) Expenses
I) Gains
J) Losses
Correct Answer:

Verified
Correct Answer:
Verified
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