An owner investment of office furniture into the business would:

Question

Quizplus · Accepted Answer

When an owner invests something of value, such as office furniture, into the business, it increases the total assets of the business (the value of the furniture is added to the company's assets). At the same time, this investment increases the owner's equity because it represents the owner's claim on the assets of the business. There is no impact on liabilities from this transaction.

An Owner Investment of Office Furniture into the Business Would