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Author Question: An investment of cash in a business by the owner a. increases cash. b. decreases owner's equity. ... (Read 117 times)

Sportsfan2111

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on: Jul 5, 2018
An investment of cash in a business by the owner
 a. increases cash.
   b. decreases owner's equity.
   c. appears in a liability account.
   d. represents an obligation of the business.

Question 2

Budgeted financial statements are called pro forma statements.
 
  Indicate whether this statement is true or false.


dominiqueenicolee

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: TRUE


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