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Transactions affecting owner's equity include a.owner's investments, owner's withdrawals, earning of revenues, and incurrence of expenses b.owner's investments and payment of liabilities c.owner's withdrawals, earning of revenues, incurrence of expenses, and purchase of supplies on account d.owner's investments, earning of revenues, incurrence of expenses, and collection of accounts receivable

Respuesta :

Karabo99

Answer:

a.owner's investments, owner's withdrawals, earning of revenues, and incurrence of expenses

Explanation:

The Owner’s Equity consists of the following:

1. Owner’s capital or investment which increases the equity,

2. Owner’s withdrawals, which decreases the equity,

3. Net Income or Loss (which is the result of earning of revenues & incurrence of expenses), which increases or decreases the equity respectively.

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