The Drawing Account Should Be Used to Show

question 29

Multiple Choice

The drawing account should be used to show

• A) the amount the owner has invested in the business.
• B) the amount the owner has taken out of the business.
• C) the amount the business has earned.
• D) the amount the business has spent.

---

Definitions:

Computer Fraud

The act of using computers or digital devices to commit fraudulent activities such as identity theft, embezzlement, or unauthorized access to data.

Fraudulent Transfer

A transfer of property made with intent to defraud creditors or made for an amount significantly lower than the property’s fair market value within two years of filing for bankruptcy.

Financial Computers

Computers or computer systems specifically designed and used for financial transactions, operations, and planning.

White-Collar Crime

A variety of nonviolent illegal acts against society that occur most frequently in the business context.