Answered: Withdrawals by an owner are found on…

Business

Accounting

Withdrawals by an owner are found on the income statement as an expense True False

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 23MC: Which of the following accounts would not be reported under revenue on a simple income statement? A....

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Withdrawals by an owner are found on the income statement as an expense

True

False

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