Question 31 Which of the following increases owner's equity? A. Dividends B. Net Loss C. Net...
Question 31
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Which of the following increases owner's equity?
A. Dividends
B. Net Loss
C. Net Income
D. None of the above
Homework Answers
Correct answer-----(C) Net income.
Explanation’
Net income increases the owner’s equity on the other hand Dividends and loss decreases owner’s equity.
Net income is added to owner’s equity fund , precisely net income increases retained earnings accounts which is a part of owner’s equity.
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Question 31
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