In a Statement of Owner's Equity,decreases in Owner,Capital Result from ________

question 9

Multiple Choice

In a statement of owner's equity,decreases in Owner,Capital result from ________.

• A) gains on sale of land
• B) net losses
• C) net income
• D) revenues earned

---

Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a specific geographic region.

Personal Income Tax

A tax levied on the income of individuals, with the rate usually increasing as income increases.

Adult Americans

Individuals living in the United States who are 18 years of age or older.

Share

A unit of ownership interest in a corporation or financial asset that provides for an equal distribution in any profits, if any are declared, in the form of dividends.