Which of the Following Items Has No Effect on Owner's

question 55

Multiple Choice

Which of the following items has no effect on owner's equity?

• A)Receipt of cash owed to the business (accounts receivable)
• B)Sale of a service
• C)Payment of an expense
• D)Withdrawal by the owner

---

Definitions:

Impulse Control

Impulse control is the ability to resist or delay an immediate reaction or temptation, in order to achieve a more beneficial outcome.

Reality Testing

A psychoanalytic therapy and mental health technique involving the practice of assessing whether thoughts or perceptions correspond to reality.

Self-actualization

Accomplishing the full extent of one’s skills and potential, viewed as a universal impulse or demand within each individual.

Impulse Control

The ability to resist or delay an impulse, desire, or temptation to act.