The Owner Makes a Withdrawal from Aventis Company

question 3

Multiple Choice

The owner makes a withdrawal from Aventis Company.How does this transaction affect the accounting equation?

• A)The assets,liabilities,and equity remain the same.
• B)The assets decrease and equity decreases.
• C)The assets increase and liabilities decrease.
• D)The assets decrease and equity increases.

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Definitions:

No Personal Liability

Refers to the legal protection shielding individual assets from being used to satisfy business debts and liabilities.