Distributions of assets 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 assets by a business to its owners are considered withdrawals. Expenses are costs incurred to operate the business, assets are resources owned by the business, retained earnings are profits that are kept by the business, and net income is the amount earned after subtracting all expenses from revenue.

Distributions of Assets by a Business to Its Owners Are