Which statement is true?

a. Expenses increase Owner's equity
b. Expenses decrease Owner's equity
c. Expenses increase Owner's withdrawal
d. Expenses decrease Owner's withdrawal
e. None of these

Ans: b. Expenses decrease Owner's equity

Business

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Under ________ the government endorses private ownership of property and a market-based economy but grants little or no political freedom

A) left-wing totalitarianism B) theocratic totalitarianism C) secular totalitarianism D) right-wing totalitarianism

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