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  3. Study Set
    Accounting Business Reporting Study Set 1
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    Exam 6: Statement of Profit or Loss and Statement of Changes in Equity
  5. Question
    An Owner Contributes $50 000 to Expand the Business
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An Owner Contributes $50 000 to Expand the Business

Question 43

Question 43

Multiple Choice

An owner contributes $50 000 to expand the business.This transaction would:


A) increase income.
B) increase expenses.
C) increase capital.
D) decrease income.

Correct Answer:

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