Owners' Equity in a Business Increases as a Result of Which

question 32

Multiple Choice

Owners' equity in a business increases as a result of which of the following?

• A)Payments of cash to the owners.
• B)Losses from unprofitable operation of the business.
• C)Earnings from profitable operation of the business.
• D)Borrowing from a commercial bank.

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Definitions:

Original Oil Paintings

Artworks created using oil-based paints, each piece being unique and handcrafted by an artist.

Original Prints

Artistic works that are created by an artist directly onto a surface from which they are then printed, in a limited number of copies.

Leahy-Smith America Invents Act

is a significant piece of U.S. legislation that reformed the patent system, transitioning the U.S. to a first-to-file system from a first-to-invent system.

First Inventor

The initial individual or entity to conceive and document a unique invention eligible for patent protection.