There Are Four Transactions That Affect Owner's Equity.​

question 65

Essay

There are four transactions that affect owner's equity.​
(a) What are the two types of transactions that increase owner's equity?
(b) What are the two types of transactions that decrease owner's equity?

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Definitions:

Duty Of Care

a legal obligation requiring individuals to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Trespassers

Trespassers are individuals who enter or occupy property without the permission or legal right to do so.

Property Owners

Individuals or entities that hold legal title to a piece of real estate, giving them certain rights, such as the right to occupy, use, modify, and sell the property.

Premises Liability

The legal responsibility of property owners for accidents and injuries that occur on their property due to their negligence.