Withdrawing Cash from a Business Entity Will Result in an Increase

question 17

True/False

Withdrawing cash from a business entity will result in an increase in owner's equity.

---

Definitions:

Amphetamine

Amphetamine is a potent central nervous system stimulant used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy.

Euphoria

A sensation or condition of profound joy and exhilaration.

Barbiturate

A class of drugs derived from barbituric acid that act as central nervous system depressants, used in the treatment of insomnia, epilepsy, and anesthesia.

Heroin

A highly addictive opioid drug derived from morphine, used illicitly for its euphoric effects.