Distributions of assets by a business to its owners are called:
A: Withdrawals.
B: Expenses.
C: Assets.
D: Retained earnings.
E: Net Income.
A: Withdrawals.
B: Expenses.
C: Assets.
D: Retained earnings.
E: Net Income.
举一反三
- Withdrawals of assets from a business by the owners are considered expenses.
- Return on assets:（ ）。 A: measures the amount of sales dollars generated by each dollar of assets invested in the business. B: is calculated as net income/net sales. C: is calculated as net income/average total assets. D: is calculated as average total assets/net income.
- Dividends<br/>declared: () A: Reduce<br/>retained earnings. B: Increase<br/>retained earnings. C: Reduce<br/>net income. D: Increase<br/>net income.
- The retention ratio can be computed as: A: 1 − Plowback ratio. B: (Change in retained earnings + Cash dividends)/Net income. C: Change in retained earnings/Cash dividends. D: 1 − (Cash dividends/Net income).
- Which of the following calculations could produce an acceptable figure for a trader's net profit for a period if no accounting records had been kept? A: Closing net assets plus drawings minus capital introduced minus opening net assets. B: Closing net assets minus drawings plus capital introduced minus opening net assets. C: Closing net assets minus drawings minus capital introduced minus opening net assets . D: Closing net assets plus drawings plus capital introduced minus opening net assets .