Match the letter of each element with the appropriate definition.
-Increases in the equity of a particular business enterprise resulting from transfers to the enterprise from other entities of something of value to obtain or increase ownership interests (or equity)in it.
A)Assets
B)Liabilities
C)Equity
D)Investments by owners
E)Distribution to owners
F)Comprehensive income
G)Revenues
H)Expenses
I)Gains
J)Losses

Question

Quizplus · Accepted Answer

Investments by owners are increases in the equity of a business enterprise resulting from transfers of something of value from other entities to obtain or increase ownership interests.

Match the Letter of Each Element with the Appropriate Definition