Expenses can result from
A) increasing owner's equity
B) consuming services
C) using up liabilities
D) purchasing assets

Name: Expenses can result from A) increasing owner's equity B) consuming services C) using up liabilities D) purchasing assets
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Expenses typically result from consuming services or using resources in the operation of a business, which does not directly increase owner's equity, use up liabilities, or involve the purchase of assets.

Expenses Can Result from