As You Are Walking Down a Dark Street, You Hear

question 382

True/False

As you are walking down a dark street, you hear a noise directly behind you, and you immediately dart off the sidewalk because of the activation of your amygdala.

---

Definitions:

Owner Drawings

Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.

Revenues

The income earned from normal business operations and includes discounts and deductions for returned merchandise.

Expenses

Expenses refer to the outflow of money to another person or company to pay for an item or service, or for costs necessary to operate a business.

Owner's Capital

The amount of equity in a company owned by its owner or shareholders, representing the net assets after liabilities have been deducted.