Decreases in equity that represent costs of assets or services used to earn revenues are called:
a. Liabilities.
b. Equity.
c. Withdrawals.
d. Expenses.
e. Owner's Investment.
Answer: D
Decreases in equity that represent costs of assets or services used to earn revenues are called:
a. Liabilities.
b. Equity.
c. Withdrawals.
d. Expenses.
e. Owner's Investment.
Answer: D
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