Question
1.Owner's equity will decrease when I.The business obtains net loss II.The owner pays the business debt using his own pocket money III.There is an additional
1.Owner's equity will decrease when
I.The business obtains net loss
II.The owner pays the business debt using his own pocket money
III.There is an additional capital from the owner
IV.The owner takes business goods for personal use
a)I and II
b)I and IV
c)I, II and IV
d)II, III and IV
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
