Sources of Increases to Equity Are

question 62

Multiple Choice

Sources of increases to equity are

• A) issuance of shares.
• B) purchases of merchandise.
• C) dividends.
• D) expenses.

Grasp the concept and benefits of advanced display technology in vehicles.

Understand different types of circuit protection devices and their applications in vehicle systems.

Recognize the advantages of LED light systems in vehicles, especially in conjunction with ABS brakes.

Identify the light production mechanisms of various headlamp types.

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Definitions:

Net Income

The amount of profit that remains after subtracting all the costs, taxes, and expenses from total revenue.

Capital Account Balance

The amount recorded in a company's capital account, representing the net worth or equity of the owners in the business.

Partnership Capital

The total amount invested by all partners in a partnership, representing their ownership interest.

Income-sharing Ratio

The pre-agreed proportion in which partners or stakeholders share the generated income or losses.