If a Sole Proprietor Who Owns an Electrical Store Takes

question 28

Multiple Choice

If a sole proprietor who owns an electrical store takes home a DVD player for his own personal use it would be considered to be:

• A)An expense because an asset has been given away
• B)An increase in equity and a decrease in assets because the proprietor now owns the DVD player
• C)A decrease in assets and a decrease in equity because by taking the DVD player the owner has made a drawing from the business
• D)An increase in assets and an increase in equity

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Definitions:

Antrum

A cavity or chamber, often within a bone or a hollow organ, such as the stomach.

Secondary Oocyte

An immature egg cell that forms from a primary oocyte after the first meiotic division but before the second division is completed, arrested in metaphase II until fertilization.

Nitric Oxide

A gas molecule that plays an important role in many physiological and pathological processes within the body, including vasodilation and neurotransmission.

Erectile Tissue

A type of tissue found in certain parts of the body like the penis and clitoris, which can swell with blood to produce erection.