How is owner’s equity affected when is paid for expenses?

Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.

b

Explanation:

Desiderius Erasmus was not a)Archduke of Canterbury. Desiderius Erasmus was a Dutch humanist living during the Dutch Renaissance and wrote in Latin and Greek. He created new versions of the New Testament and was critical of the abuses of the Church, even though he was a religious man. The European Union's program of exchange for students going to other EU countries to study for a year or a semester is named after him.