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Identify each of the following as an (1) increase in stockholders' equity, or a (2) decrease in stockholders' equity.
Owner's Equity
The owner's residual interest in the assets of the business after deducting liabilities, representing ownership value in a company.
Owner's Equity
The residual interest in the assets of the enterprise after deducting its liabilities, also known as shareholder's equity.
Net Income
The final amount of money a company makes after taking away all expenses, including taxes and the costs of operation, from the total income.
Owner Drawings
Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.
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