If a Sole Proprietor Who Owns an Electrical Store Takes

question 52

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:

Willpower Exercises

Activities or practices aimed at strengthening an individual's self-control and ability to resist short-term temptations in pursuit of long-term goals.

Self-Regulation

The ability to manage and control one's own emotions, thoughts, and behaviors in different situations.

Willpower

The capacity to resist short-term temptations in order to meet long-term goals.

Habit Of Eating

The patterns or behaviors related to how individuals consume food, often formed by past experiences, cultural influences, and personal preferences.