Solved

Match the Letter of Each Element with the Appropriate Definition

Question 11

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:

verifed

Verified

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

Related Questions