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andrew11 [14]
2 years ago
7

owner withdrawals cause a(n) (increase/decrease) in owner's equity and are recorded directly in owner's (capital/withdrawal/equi

ty) .
Business
1 answer:
Alla [95]2 years ago
6 0

Owner withdrawals cause a decrease in owner's equity and are recorded directly within the owner's withdrawal.

<h3>What is a withdrawal?</h3>

Withdrawals are variables in an economy that leak the circular flow of income and reduce the dimensions of national income. Withdrawals include savings, taxation, and imports.

To know more about withdrawal go to the given link:

brainly.com/question/2933232

#SPJ4

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A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
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The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine}                                                          =\frac{(1544800-252000)}{2,020,000}                                                         =$0.64

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

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3 years ago
Home Appliances Co. wants to introduce a new digital display, laser driven iron to the market. The estimated unit sales price is
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Answer:

<u>The target cost per iron= $83.25</u>

Explanation:

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Cost=24,975,000.00

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3 years ago
You got a new job as a wedding-floral consultant. Your first client tells you that the overall theme of her wedding is romantic,
Maksim231197 [3]
The answer is huckleberry.

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6 0
3 years ago
your team is working on a project due at the end of the quarter. you propose a timeline that some of your teammates disagree wit
vovangra [49]
I would do either D or E
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3 years ago
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $110,000 and accumulated deprecia
Mekhanik [1.2K]

Answer:

The amount of gain or loss should be recorded on this exchange: b. $8,000 gain

Explanation:

Book value of the old sailboat = old sailboat's cost - accumulated depreciation = $110,000-$22,000 = $88,000

Trade-in allowance of  the old sailboat - Book value of the old sailboat = $96,000 - $88,000 = $8,000 >0

Hunter Sailing Company only paid $28,000 in addition to the old sailboat to acquire the new sailboat.

Therefore, the company should record gain on this exchange of $8,000

3 0
3 years ago
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