Which of the following economic actions reduces the amount of ownership interest? (a) A payment of administration
Question:
Which of the following economic actions reduces the amount of ownership interest?
(a) A payment of administration wages
(b) A receipt of cash from trade receivables (debtors)
(c) A receipt of a loan from the owner’s brother
(d) A payment of cash to creditors
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: