Transactions Affecting Owner's Equity Include

question 65

Multiple Choice

Transactions affecting owner's equity include:

• A)owner withdrawals and owner investments.
• B)purchases of assets for cash.
• C)purchases of assets on account.
• D)only owner investments.

---

Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Put Option

A financial contract giving the option buyer the right, but not the obligation, to sell a specified quantity of an asset at a set price (the strike price) within a specified time.

Expiration

In finance, this term typically refers to the date on which a contract, such as an option or futures contract, ceases to exist and the final settlement or exercise must occur.

Selling

The process of giving or exchanging an item of value for money; a fundamental concept in economics and commerce.