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.

---

Definitions:

Eyewash Station

A safety device designed to flush the eyes with water or a special fluid to help remove contaminants or chemicals that may cause harm.

Safety Glasses

Protective eyewear designed to shield the eyes from flying debris, dust, or chemicals, commonly used in industrial and laboratory environments.

Safety Goggles

Protective eyewear designed to shield the wearer's eyes from impact hazards, dust, and chemical splashes.

Face Shield

A protective gear that covers the face, typically made from transparent material, to protect the wearer from injuries or harmful substances.