Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if a company has a positive net income throughout

If a company has a positive net income throughout the year, the equity on the...

60.1K

Verified Solution

Question

Accounting

If a company has a positive net income throughout the year, the equity on the ending balance sheet will ________ that same amount in a year.
A. Increase
B. Decrease
C. Stay the same

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

J Question 15 1 2 Part 1 of 3 is an inhorontzoro Doceribe throg ov

Finance
1.2K views

1. Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million...

Medical Sciences
1.2K views

69. Which of the following cannot take part in gluconeogenesis? a) lactate b) fatty acids c) alanine d) glycerol 71. Which...

Biology
1.2K views

A 12 carbon fatty acid generates 6 molecules of acetyl CoA. How many molecules of ATP...

Physics
1.2K views

A “friend” borrows your favorite compass and paints the entire needle red. You discover this when...

Physics
1.2K views

A parallel plate capacitor with a glass slab of dielectric constant k between the conducting...

Basic Math
1.2K views

3 Suppose starting from point A you must walk to the river shown in the...

Calculus
1.2K views

jate x In x f x dx using the substitution u In f x Assume...

Accounting
1.2K views

What is the mean of Audit assertions? please provide an example to explain.

Accounting
1.2K views

Mercer Asbestos Removal Company removes potentially toxic asbestos insulation from buildings. There has been a...

Accounting
1.2K views

NOTE: Avoid plagiarism, the work should be in your own words. Property,...

Accounting
1.2K views

Case 3-2 Refer to the annual report of Campbell Soup Company in Appendix A.Required:...