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Kayekaye Fundario
on Nov 18, 2024

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Which of the following transactions increases stockholders' equity?

A) Supplies are purchased on account.
B) Services are provided on account.
C) Cash is received from customers on account.
D) Utility bill will be paid next month.

Stockholders' Equity

The ownership interest of shareholders in a corporation, represented by the company's assets minus its liabilities.

Services

Services involve non-tangible tasks performed for a fee, offering benefits, help, or satisfaction to customers without producing physical goods.

Account

An arrangement by which an individual or entity keeps track of their financial transactions and positions with another entity.

  • Understand how different transactions impact stockholders' equity.
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ML
Margaret LaurentNov 21, 2024
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