You ____-Click the Comment Icon to Open a Comment Text

question 89

Multiple Choice

You ____-click the comment icon to open a comment text box.

• A) left
• B) right
• C) double
• D) triple

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Definitions:

Owner's Drawings

The amount of cash or other assets withdrawn by the owner from the business for the owner's personal use.

Net Income

The amount of profit earned by a business after all expenses and taxes have been subtracted from total revenue.

IFRS

A global set of accounting principles called International Financial Reporting Standards, formulated by the International Accounting Standards Board (IASB) to steer the compilation of financial statements worldwide.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholder equity at a specific point in time.