An owner contributes $50 000 to expand the business.This transaction would:
A) increase income.
B) increase expenses.
C) increase capital.
D) decrease income.

Name: An owner contributes $50 000 to expand the business.This transaction would: A) increase income. B) increase expenses. C) increase capital. D) decrease income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the owner contributes $50,000 to expand the business, it is considered as capital. Hence, the transaction would increase capital.

An Owner Contributes $50 000 to Expand the Business