Which of the Following Items Increases Owner's Equity

question 102

Multiple Choice

Which of the following items increases owner's equity?

• A) Revenues and expenses
• B) Investments by owners and revenues
• C) Drawings and expense
• D) Investments by owners and drawings

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Definitions:

Least Costly

The most economical or budget-friendly option among a set of alternatives.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, indicated by a greater change in quantity demanded.

Labor Costs

The total amount of money businesses have to spend on paying their employees, including wages, salaries, and benefits.

Wage Rates

The amount of money paid per unit of time or output to an employee for labor.