Revenues can lead to an increase in the owners’ equity, and therefore, the increase in the owners’ equity should be recognized as the income of a firm. ( )
举一反三
- Arising from the non-routine activities of an enterprise that will lead to an increase in the owners’ equity, which of the following is NOT related to the owners’ capital? （ ） A: Income. B: Loss. C: Cost. D: Profit.
- Assets= liabilities + owners’ equity
- The ________ shows the assets, liabilities, and owners' equity of a firm, at a specific point in time. A: income statement B: balance sheet C: statement of cash flows D: trial balance
- In<br/>a reverse stock split:() A: the<br/>number of shares outstanding increases and owners’ equity<br/>decreases. B: the<br/>firm buys back existing shares of stock on the open market. C: the<br/>firm sells new shares of stock on the open market. D: the<br/>number of shares outstanding decreases but owners’ equity is<br/>unchanged. E: shareholders<br/>make a cash payment to the firm.
- Which of the following belongs to owners’equity?