Distributions of cash or other resources by a business to its owners are called:
A)Withdrawals.
B)Expenses.
C)Assets.
D)Retained earnings.
E)Net Income.

Question

Quizplus · Accepted Answer

Distributions of cash or other resources by a business to its owners are called withdrawals. Expenses refer to costs incurred by the business, assets are resources owned by the business, retained earnings are profits kept by the business, and net income is the profit earned by the business.

Distributions of Cash or Other Resources by a Business to Its