A Business Owner Took a Withdrawal

question 91

Multiple Choice

A business owner took a withdrawal.Which of the following would be TRUE?

• A) Net income would decrease.
• B) Total assets would increase.
• C) There would be no effect on total assets.
• D) Owner's equity would decrease.

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Definitions:

Channels

Refers to the methods or pathways through which communication is delivered and received within organizations or systems.

Productive Conversations

are dialogues characterized by effective communication, collaboration, and the achievement of mutual understanding or goals.

Electronic Communication

The transfer of information between individuals or groups through electronic devices such as computers, phones, and the internet.

Global Network

A worldwide interconnected group or system, often referring to businesses, computers, or communications, that operates or communicates across borders.