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:

Hypothalamus

A region of the brain that coordinates many activities including temperature regulation, hunger, and sleep.

Bowel Movements

The process of expelling waste materials from the large intestine through the rectum and anus.

Fine Motor Coordination

Fine Motor Coordination pertains to the ability to use small muscles, specifically those in the hands and fingers, with precision and control for detailed tasks.

Corpus Callosum

A large band of neural fibers that connects the left and right hemispheres of the brain, facilitating interhemispheric communication.