The Account Used to Record the Transfers of Assets from a Business

question 215

Multiple Choice

The account used to record the transfers of assets from a business to its stockholders is:

• A)A revenue account
• B)The retained earnings account
• C)Common stock account
• D)An expense account
• E)A liability account

---

Definitions:

Urinary Tract Infections

Infections caused by microbes within the urinary system; more common in the bladder and urethra.

Cystitis

Inflammation of the bladder, often caused by a urinary tract infection, leading to discomfort and the frequent need to urinate.

Bladder

A hollow organ in the pelvic region that stores urine from the kidneys before disposal by urination.

Renal Pelvis

The funnel-shaped structure in the kidney where urine collects before moving to the ureter.