In a statement of owner's equity,decreases in Owner,Capital result from ________.
A) gains on sale of land
B) net losses
C) net income
D) revenues earned

Question

Quizplus · Accepted Answer

Decreases in Owner's Capital result from net losses because losses decrease the overall value of the company and, therefore, the owner's investment in the business. Gains on sale of land, net income, and revenues earned all increase the value of the company and increase Owner's Capital.

In a Statement of Owner's Equity,decreases in Owner,Capital Result from ________