LightBringer1737 LightBringer1737
  • 04-07-2017
  • Business
contestada

What is the result if the amount of net income for the year is less than the amount of the owner's withdrawals?

Respuesta :

meerkat18
meerkat18 meerkat18
  • 14-07-2017

The answer is the capital account decreases. If the net income of the year is greater it means that there is revenue which will make the capital account increase but in this case if the withdrawals are higher it means that the money decreases since it is an outflow for the part of the owner.

 

Answer Link

Otras preguntas

15 less than 6 times a number is the same as 9 more than 9 times a number . Find the number
help with geometryWhich figure correctly shows the line of symmetry?
Find the exact value of cos300°.
Does smokeless tobacco generally cause more harm to your digestive system or your respiratory system?
Listen to the audio and then answer the following question. Feel free to listen to the audio as many times as necessary before answering the question. What doe
what is the answer to 2s+(−4s)=?
List the new country names that Dad decided each Watson should go by. Dad: Kenny: Byron: Joetta: Mom:
Near the end of World War II,the nations of the world established _ to prevent future global wars
A(n) second has one whole step and one half step. A. diminished OB. minor O C. augmented O D. major SUBMIT
1. How many years after the Civil War did the US become an industrial power house?