The Effect on the Statement of Financial Position When the Owner

question 59

Multiple Choice

The effect on the statement of financial position when the owner withdraws money from the business is:

• A)decrease asset bank; decrease equity.
• B)decrease drawings; decrease equity.
• C)increase drawings; increase equity.
• D)decrease asset bank; increase equity.

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Definitions:

Expatriate Training

The preparation provided to employees and their families before moving abroad for an assignment, including cultural, language, and practical living information.

Global Competence

The ability to understand and act on issues of global significance; effectively communicate and work with people from different cultural backgrounds.

Cross-cultural Competencies

Are skills and abilities that enable individuals to effectively interact, work, and communicate in diverse cultural environments.

Relationship Competencies

Skills and abilities that enable an individual to establish, develop, maintain, and enhance positive interpersonal relationships in a work setting.