The Statement of Changes in Equity Shows the Changes in Owners

question 61

Multiple Choice

The statement of changes in equity shows the changes in Owners' equity.Which one of these statements is TRUE?

• A)Decreases in Owners' equity result from owner investments.
• B)Decreases in Owners' equity result from profit.
• C)Decreases in Owners' equity result from revenues earned.
• D)Decreases in Owners' equity result from losses.

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Definitions:

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Beverages that contain ethanol, a type of alcohol produced by fermentation of grains, fruits, or other sources of sugar.