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

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Definitions:

Mental Illness

A broad range of conditions that affect mood, thinking, and behavior, often diagnosed by a medical professional.

Tarasoff V. Regents

A legal case that established the duty of mental health professionals to warn identifiable victims when their client poses a risk of serious harm.

Duty To Warn

A legal or ethical obligation to notify potential victims or authorities if an individual poses a serious and foreseeable risk of harming themselves or others.

ACA Code Of Ethics

A set of guiding principles that govern the ethical and professional conduct of counselors, developed by the American Counseling Association.