Assets removed from the business by the business owner for personal use are called ___________.
Correct Answer:
Verified
Q227: Creditors claims on assets that reflect obligations
Q228: _ are beliefs that separate right from
Q229: A common characteristic of _ is their
Q230: _ activities involve using resources to research,
Q234: The _ assumption requires that financial information
Q236: The owner's claim on assets is called
Q264: A disadvantage of a sole proprietorship is
Q278: There are at least three types of
Q284: The term _ refers to a liability
Q291: Using the accounting equation, equity is equal
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