GB 518 RANK Motivated Minds/gb518rank.com GB 518 RANK Motivated Minds/gb518rank.com | Page 46

Decreases equity Represents the amount of assets owners put into a business Equals assets minus liabilities Is the excess of revenues over expenses Represents the owners' claims against assets Question 8. Question : information include: Internal users of accounting Shareholders Customers Creditors Government regulators Line Supervisor