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The owner s equity division should contain what account(s)?

a. 31 P. Woodsley Capital b. 31 P. Woodsley Capital 32 Merchant s ...

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The owner s equity division should contain what account(s)?

a. 31 P. Woodsley Capital
b. 31 P. Woodsley Capital 32 Merchant s Bank
c. 31 Merchant s Bank 32 P. Woodsley Capital
d. 31 32

Answer

The owner's equity division should contain a) 31 P. Woodsley Capital.
The statement of owner's equity includes the capital and the changes that affects the capital like additional contribution, net income, withdrawals, and expenses.
Additional contribution and net income increases the value of the owner's equity.
Withdrawal and expenses decreases the value of the owner's equity.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 35 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 141 views.

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