What Is the Result If the Amount of Net Income

question 96

Multiple Choice

What is the result if the amount of Net Income for the year is less than the amount of the Owner's Withdrawals?

• A)Owner's Name, Capital increases
• B)Cash balance decreases
• C)Cash balance increases
• D)Owner's Name, Capital decreases

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Definitions:

Obama Administration

The executive branch of the U.S. government from 2009 to 2017 under the presidency of Barack Obama, known for significant healthcare reform and financial regulatory reform.

American Health-care System

The combination of institutions, healthcare providers, and payment mechanisms in the United States aimed at delivering healthcare services to citizens.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Energy Independence

The condition of a nation being able to meet all its energy needs without having to import fuels or energy from other countries.