A resource that the owner takes from the company is called a(n):
A)Liability.
B)Withdrawal.
C)Expense.
D)Contribution.
E)Investment.

Question

Quizplus · Accepted Answer

A withdrawal is a resource that the owner takes from the company, such as cash or other assets. Liabilities are debts owed by the company, expenses are costs incurred in the normal course of business operations, contributions are investments made by the owner into the company, and investments are resources provided to the company by outside parties.

A Resource That the Owner Takes from the Company Is