A primary operating objective of a business is to increase the equity of its owner orowners by:
A) Acquiring assets.
B) Incurring expenses.
C) Incurring liabilities.
D) Increasing retained earnings.
E) Earning a profit.
Correct Answer:
Verified
Q122: Profit is another name for
A)A business transaction.
B)Equity.
C)Net
Q123: An individual or organization entitled to receive
Q124: If the assets of a business increased
Q125: Which of the following accounting principles would
Q126: An individual or organization that owes an
Q128: The accounting principle that states that revenue
Q129: The accounting principle that requires that transactions
Q130: Ethics
A)And law often coincide.
B)Are very important considerations
Q131: The difference between a company's assets and
Q132: External users of accounting information include
A)Creditors.
B)The press.
C)Customers.
D)Shareholders.
E)All
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