Distributions of cash or other resources by a business to its owners are called:
A) Expenses.
B) Withdrawals.
C) Assets.
D) Net Income.
E) Retained earnings.
Correct Answer:
Verified
Q123: The assets of a company total $700,000;
Q124: Another name for equity is:
A) Expenses.
B) Net
Q125: A resource that the owner takes from
Q126: The difference between a company's assets and
Q127: Increases in equity from a company's sales
Q129: An example of an investing activity is:
A)
Q130: Net Income:
A) Decreases equity.
B) Represents owners' claims
Q131: When expenses exceed revenues, the resulting change
Q132: Revenues are:
A) The excess of expenses over
Q133: An example of a financing activity is:
A)
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