Equity is the Amount of a company's capital which is owned by the shareholders. In...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity? O a. Retained earnings, dividend, drawings O b. Cash, Accounts payable, supplies O c. c. Accounts payable, Accounts receivable, supplies O d. Accounts payable, bank overdraft, outstanding expenses
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
