Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation?

Question

Quizplus · Accepted Answer

Withdrawals in a sole proprietorship or partnership are equivalent to dividends in a corporation because they represent a distribution of profits to the owners. Net income, salaries, and retained earnings are not equivalent to withdrawals because they represent different components of a company's financial statements.

Withdrawals in a Sole Proprietorship or Partnership Are Equivalent to Which