Match the letter of each element with the appropriate definition.
-A decrease in the equity of a particular business enterprise resulting from transferring assets,rendering services,or incurring liabilities by the enterprise to owners.Decreases ownership interest (or equity)in an enterprise.
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

Distribution to owners refers to the process where a business enterprise decreases its equity through the transfer of assets, rendering of services, or incurring liabilities, which directly decreases the ownership interest in the enterprise.

Match the Letter of Each Element with the Appropriate Definition