When the owner withdraws cash from the business:
a. the Cash account is debited.
b. the Cash account is credited.
c. the owner's Capital account is debited.
d. the owner's Drawing account is credited.
e. the owner's Capital account is credited.
b
You might also like to view...
Jenna, who is single, sold her principal residence on December 1, 2018, and excluded the $150,000 gain because she met the ownership and usage requirements under Sec. 121. Jenna purchased another residence in Pensacola on January 1, 2019, that she occupied until July 1, 2019, when she received a new job offer from an employer in Miami. She sells the Pensacola residence on October 1, 2019, and realizes a gain of $40,000. Jenna may exclude what amount of the gain from the sale on October 1, 2019?
A. $10,000 B. $40,000 C. $0 D. $20,000
Discuss ways to "think like an employer" during the interview process
What will be an ideal response?
______ is the process of leading across different cultures.
A. Multicultural leadership B. Cross-cultural leadership C. Ethnic leadership D. GLOBE leadership
The cost of the project is given by ______.
A. multiplying the project’s original budget by the reciprocal of the CPI B. multiplying the project’s original budget by the CPI C. adding the project’s original budget to the reciprocal of the CPI D. adding the project’s original budget to the CPI