Partners' Withdrawals of Assets Are

question 46

Multiple Choice

Partners' withdrawals of assets are:

• A) Credited to their withdrawals accounts.
• B) Debited to their withdrawals accounts.
• C) Credited to their retained earnings.
• D) Debited to their retained earnings.
• E) Debited to their asset accounts.

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Definitions:

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John D. Rockefeller was an American industrialist and philanthropist, best known for founding and leading the Standard Oil Company.

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