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assets and liabilities
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∙ 11y ago
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What items affect the owner's equity?
Nothing.
Do dividends affect assets liabilities owners equity or neither?
liabilities
Example of owner's equity?
Say if your mom was a good in my store, and I sold your mom, then that would affect the owners equity. If your mother was a good hooker and I made an investment in her vagina to make me some money, and she makes revenue off of that... That would affect the owners equity.
Is sales an asset account?
Sales is generally considered "Revenue" or "Income" and therefore are an Owners Equity Account. Sales affect Retained Earnings and Retained Earnings affects Owners Equity.
Will decrease owners equity?
when assests decrease owners equity will also decrease
What items affect the owner's equity?
Nothing.
Do dividends affect assets liabilities owners equity or neither?
liabilities
Example of owner's equity?
Say if your mom was a good in my store, and I sold your mom, then that would affect the owners equity. If your mother was a good hooker and I made an investment in her vagina to make me some money, and she makes revenue off of that... That would affect the owners equity.
Is sales an asset account?
Sales is generally considered "Revenue" or "Income" and therefore are an Owners Equity Account. Sales affect Retained Earnings and Retained Earnings affects Owners Equity.
Will decrease owners equity?
when assests decrease owners equity will also decrease
Is salaries is the part of owners equity?
No, Salaries are an expense. EXPENSE is a part of owners equity but you would not put salaries in the owners equity group you would put it with the expenses.
An advantage of bond financing is?
An advantage of bond financing is: a) Bonds do not affect owners' control. b) Interest on bonds is tax deductible. c) Bonds can increase return on equity. d) It allows firms to trade on the equity. e) All of the above.
How do you know the owners equity at beginning of the year?
by looking at the owners' equity from last year's report
Is a factory owners equity or asset?
Investment from factory owners is equity and it is shown in balance sheet of business.
What is a decrease in owner's equity?
Withdrawal decreases owners equity.
What transactions increase in one owner's equity equals decrease in another owner's equity?
Profits would increase owners equity, loss and drawing would decrease an owners equity.
How do you decrease an asset and decrease owners equity?
Credit Decreases an Asset and Debit decreases Owners Equity.
