Which of the following statements is not true?
a. the owner's equity is increased by a...
Business, 11.01.2020 06:31 katrinanuez
Which of the following statements is not true?
a. the owner's equity is increased by amounts invested by the owner and is decreased by withdrawals by the owner.
b. the effect of every transaction is an increase or a decrease in one or more of the accounting equation elements (assets, liabilities, and owner's equity).
c. the two sides of the accounting equation are always equal.
d. all of these statements are true.
Answers: 3
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