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  • Accounting Fall Semester Online Test
  • A decrease in owner's equity resulting from normal busine...
Multiple choice

A decrease in owner's equity resulting from normal business operations.

  1. expense

  2. withdrawal

  3. revenue

  4. investment

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An expense represents the cost of assets consumed or services used in the process of generating revenue. These costs directly reduce the owner's equity.

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