$($i$)($A$)$

Cannas

$20$

Me

Graw

unim

$8$ of $30$ Concepts completed

$($i$)$

Multiple Choice Question

Whigh of the following statements describes the effect of expenses on equity?

Expenses have little or no effect on equity.

Expenses decrease$-$equity only in the period they are paid.

Expenses cause equity to increase.

Expenses cause equity to decrease.

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