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Which of the following is true of owner's equity? Owner's Equity increases with purchase of assets. Owner's Equity decreases with drawings. Owner's Equity increases with
Which of the following is true of owner's equity?
Owner's Equity increases with purchase of assets.
Owner's Equity decreases with drawings.
Owner's Equity increases with payment on account.
Owner's Equity decreases with collection of revenue.
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
13th Edition
007232726X, 9780072327267
