Rainbow Company has $10,000 cash. Dale Fish, its sole owner, withdraws $100 for his own use. Dale

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Rainbow Company has $10,000 cash. Dale Fish, its sole owner, withdraws $100 for his own use. Dale Fish is [better off / worse off / no better or worse off]

than he was before. Rainbow Company now has [the same amount of / less] cash. The fact that this event affects Dale Fish differently than it affects Rainbow Company is an illustration of the ____________________ concept.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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