Multiple Choice
The statement of owner's equity shows the changes in Owner's capital.Which one of these statements is TRUE?
A) Decreases in Owner's equity result from owner investments.
B) Decreases in Owner's equity result from net losses.
C) Decreases in Owner's equity result from net income.
D) Decreases in Owner's equity result from revenues earned.
Correct Answer:
Verified
Correct Answer:
Verified
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