Which of the Following Statements About Shareholders' Equity Is Not

question 46

Multiple Choice

Which of the following statements about shareholders' equity is not correct?

• A)Shareholders' equity is the shareholders' residual interest in the company resulting from the difference in assets and liabilities.
• B)Shareholders' equity results only from contributions of the owners.
• C)Shareholders' equity accounts are increased with credits.
• D)The purchase of equipment for cash has no effect on shareholders' equity.

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