The owner's investment or equity in a business is called:
A) accounts payable.
B) drawing.
C) cash.
D) capital.
Correct Answer:
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Q31: Amounts that a business must pay in
Q32: If during the year total assets increase
Q33: If a business issues a check for
Q34: When the owner invests equipment in a
Q35: The Income Statement shows:
A)the financial position of
Q37: The balance sheet shows:
A)all revenues and expenses.
B)the
Q38: Which financial statement is reported as of
Q39: If a business issued a check for
Q40: When equipment is purchased for cash,
A)assets decrease
Q41: The balance sheet shows each of the
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