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When an owner of a proprietary business withdraws cash from the business for personal use, how would the action impact the balance of cash and
When an owner of a proprietary business withdraws cash from the business for personal use, how would the action impact the balance of cash and owners equity?
Decrease cash, increase owners equity | ||
Decrease cash, no change to owners equity | ||
Decrease cash, decrease owners equity | ||
Increase cash, decrease owners equity |
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