Multiple Choice
When the owner invests equipment in a business,
A) assets and owner's equity increase.
B) assets and revenue increase.
C) liabilities decrease and owner's equity increases.
D) assets increase and owner's equity decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: On September 1, Shawn Dahl established
Q32: The Income Statement shows:<br>A)the financial position of
Q33: The net income or net loss for
Q34: The property that a business owns is
Q35: If during the year total assets increase
Q37: If assets are $17,000 and owner's equity
Q39: Al Dunn Bakery bought a new oven
Q41: A business transaction is a financial event
Q43: The following information should be used for
Q67: The following information should be used for