Barry Rich, the owner of Rich's Farm, withdrew $5,000 from the sole proprietorship. The effect of this transaction on Rich's Farm includes a $5,000 ______. (Check all that apply.)

Question

23-11-2021
Business

contestada

Barry Rich, the owner of Rich's Farm, withdrew $5,000 from the sole proprietorship. The effect of this transaction on Rich's Farm includes a $5,000 ______. (Check all that apply.)

Respuesta :

Otras preguntas

The CPI in November 2012 was 124.4 and by November 2014 it was128.2. This represents a rise in the price of goods by:

Group projects, beloved by college students through all time and space, tend to stereotypically exhibit which of the following? a. social facilitation b. social

Nate has 6 cups of flower to bake 40 muffins. How many muffins can Nate bake with 15 cups of flower

OоA. virusоBryan would like to send the same e-mail message to multiple people at once. He wants to save their e-mail contact information for futuree-mail messa

Cuentos en pasado perfecto en inglés

When you tugged gently on the biceps brachiimuscle, the elbow of the chicken wing flexed atthe elbow. When you tugged on the tricepsbrachii muscle, the wing ext

6. Your friend Daniel announces that his goal is to develop self-discipline this weekend. In a paragraph, explain how you would respond to this announcement.BU

3) 107, 92, 111, 119, 99, 100, 89, 94, 125, 93 4) 72, 60,MinimMinimum:Q₁:Q2:Q3:MaxMaximum:

El cuádruple de un número aumentado en 25 es igual al quintuple del mismo número disminuido en 2. ¿Cuál es dicho número? Porfa resuelvanlo le doy 5 estrellas

Ayuda es para hooy resolver

Tundexi Tundexi · Answer 1 · 2021-11-30T14:42:30+01:00

The effect of the withdrawal of the $5,000 by owner of Rich's Farm on account of the Farm includes "decrease in owner's equity" and "decrease in assets".

Here, the Rich Farms is a sole proprietorship, that is, the capital is funded by a single man which is Barry Rich.

His capital formed the Farm's Owner equity and assets since he is solely operating them.

Therefore, the effect of the withdrawal of the $5,000 by owner of Rich's Farm on account of the Farm includes "decrease in owner's equity" and "decrease in assets".

Read more about this here

brainly.com/question/14593467