If an Owner Makes a Withdrawal of Cash, Then

question 111

Multiple Choice

If an owner makes a withdrawal of cash, then

• A) there has been a violation of accounting principles.
• B) owner's equity will increase.
• C) owner's equity will decrease.
• D) there will be a new liability showing the owner owes money to the business.

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Definitions:

Tenant-Days

The total number of days rented across all properties within a specified timeframe, used for calculating occupancy rates and revenue in the hospitality or rental sector.

Administrative Expenses

Costs related to the general operation of a business that are not directly tied to the production of goods or services, such as office supplies, salaries of administrative staff, and utilities.

Planning Budget

A budget prepared for a particular level of activity; it can be adjusted for various levels of operations, and it aids in the planning process.

Tenant-Days

A metric used in real estate to measure occupancy, calculated by multiplying the number of tenants by the number of days they occupy a space.