An owner contributes $50,000 to expand the business. This transaction wouldincrease expensesincrease capitalincrease incomedecrease income
Question
Solution 1
This transaction would:
- "Increase capital"
When an owner contributes money to the business, it increases the owner's equity in the business, which is often referred to as capital. This is because the owner is investing more of their own money into the business, thereby increasing their stake in Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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