Owner Equity Accounts Include

question 121

Multiple Choice

Owner equity accounts include:

• A)assets, liabilities and capital.
• B)assets, revenues and expenses.
• C)only the capital and withdrawal accounts.
• D)the revenue, expense, capital and withdrawal accounts.

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Definitions:

Glass-Steagall Act

A law enacted in 1933 to separate commercial banking from investment banking, intended to reduce conflicts of interest and prevent bank failures.