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kap26 [50]
3 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]3 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.  

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The answer is True.
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Answer:

B. a staff manager

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What caused the U.S. Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter
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Answer: The correct answer is "B. High-profile corporate scandals".

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<h2>Real-time analytics is the technology used by online stores to present customized content.</h2>

Explanation:

Real-time analytics is the,

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