Equity Is Decreased by All of the Following Except

question 192

Multiple Choice

Equity is decreased by all of the following except

• A)sales of shares.
• B)dividends.
• C)expenses.
• D)net losses.

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Definitions:

Total Current Assets

The sum of all assets expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Base Year Figure

A benchmark or reference point in time used for comparative analysis, often in the calculation of indexes and financial ratios.

Retained Earnings

Net income retained in a corporation.

Total Assets

The sum of all owned resources and rights with economic value that a business controls, including both current and non-current assets.