How does the owner withdrawing cash from the business affect the accounting equation?

A) assets decrease; owner's equity decreases
B) assets decrease; owner's equity increases
C) assets increase; liabilities decrease
D) no effect on the assets, liabilities, or owner's equity


A

Business

You might also like to view...

________ is the systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company

A) Marketing communications B) Internal marketing C) Marketing research D) Market segmentation E) Marketing planning

Business

When we consider crashing a project, we need to be aware that ______.

a. as we crash each activity the overall project budget decreases b. there may be little to be gained by crashing all activities c. both A and B d. neither A nor B

Business

“What are the skills of each member?” is a key question to ask when determining the ______ of your TRIM framework.

a. Team b. Resources c. Idea d. Market

Business

___________ is the activity of drawing a graphical representation of a design.

Fill in the blank(s) with the appropriate word(s).

Business