1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kap26 [50]
2 years ago
10

An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity

and decrease liabilities by $20,000. C. increase liabilities and assets by $20,000.
Business
1 answer:
ch4aika [34]2 years ago
6 0

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

You might be interested in
Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des
I am Lyosha [343]

Answer:

a. electronic marketing

Explanation:

  • The electronic marketing refers to the strategic processing of the distribution and promotion and pricing of the products and discovery of the desires of the customers and users of their digital media in digital marketing to develop a strategic plan for the promotion of the marketing.
3 0
3 years ago
Sheridan company offers its customers a pottery cereal bowl if they send in 3 boxtops from Sheridan Frosted Flakes boxes and $1.
Evgesh-ka [11]

Answer:

$117,600

Explanation:

Boxes of Frosted Flakes ×Estimate of Box Tops to be redeemed

1,344,000×60%= 806,000

806,000- 630,000 (Box Tops redeemed) =176,400

Estimate of Box Tops left to be received /Number of Box Tops Needed per bowl

176,400/3= 58,800 Total bowls estimated to be sent to customers in future

58,800 x 2.00 (The Cost of bowls to company was $3 while the cash to be received from customer was $1)

= $117,600 Which will be the total premium liability to be recorded.

6 0
3 years ago
Read 2 more answers
Question #8
mojhsa [17]
It’s mainly talking about money and workers and how businesses increase the focus on the task soo i think the answer is “The economy”
3 0
3 years ago
Read 2 more answers
A sports entertainment company wants to research how Canadians spend their free time. It is preparing a survey that will be used
laila [671]

Answer: Backtranslation

Explanation:

Back translation is the process of interpreting a document or retranslating a document that had been translated into another language back to its main original language.

Since the researchers are planning to use English and French versions of the survey, then in the preparation of the survey, they should use backtranslation.

4 0
3 years ago
Which is not an example of a risk management strategy?.
OlgaM077 [116]

Buying a new car is not an example of a risk management strategy.

<h3>What do you mean by risk management strategy?</h3>

A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.

Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.

Thus, Buying a new car is not an example of a risk management strategy.

learn more about risk management strategy refer:

brainly.com/question/14455706

#SPJ1

8 0
2 years ago
Other questions:
  • Sarah offers to pay allison $150 if allison will paint her apartment while she is out of town on vacation for two weeks. allison
    10·1 answer
  • The current sections of Culver Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Culver Corporatio
    7·1 answer
  • Sharon is a manager at Softest Tissue Corporation. She is faced with an interesting problem. One of her employees has been cheat
    13·1 answer
  • Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:
    8·1 answer
  • Rose has a $20,000 basis in the 60% of the Parent Corporation stock that she owns. Parent Corporation owns a 70% interest in Chi
    12·1 answer
  • When goods are transferred from the WorkminusinminusProcess Inventory account to the Finished Goods Inventory​ account, ________
    5·1 answer
  • The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in occupational therapy and horseback
    13·2 answers
  • Identify which of the following opening adjusting entries should be used when setting up in QuickBooks an existing company with
    9·1 answer
  • You have decided to buy a used car. The dealer has offered you two options: (FV of S1, PV of $1, FVA of $1, and PVA of $1) (Use
    5·1 answer
  • Whats some work values for being a nail tech
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!