Which of the Following Would Appear in the Equity Section

question 53

Multiple Choice

Which of the following would appear in the equity section of the statement of financial position?

• A)Loan from ABC Bank.
• B)Loan to family member.
• C)Bank overdraft.
• D)Drawings by the owner.

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Definitions:

Increasing Productive Capacity

The process or actions taken to enhance the capability of a company or economy to produce goods and services.

Monetary Policy

The process by which a central bank controls the money supply in the economy, usually with the goal of controlling inflation, interest rates, and stimulating economic growth.

Fiscal Policy

Fiscal policy involves government adjustments to its spending levels and tax rates to monitor and influence a nation's economy.

Treasury Securities

Debt securities issued by the U.S. Department of the Treasury to fund the government's spending activities, including bills, notes, and bonds.