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Answer
C. The amount will be added to the owners’ equity.
Explanation
The profit belongs to the business owner or to the stockholders of a corporation. The business person’s equity is indicated on the credit side of the balance sheet. I.e. Assets= Liabilities +Owner’s Equity. The liabilities of the business will remain the same where as the owner’s equity in the business will increase. The ultimate impact of profit is that the business assets and business person’s equity will increase.
Huh yes that would work out well I think it’s a great deal to get it done by the end of the
On June 21st of every year, the southern hemisphere begins the season of <em><u>winter </u></em>, and the northern hemisphere begins the season of <u><em>summer</em></u> .