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An owner withdrawal of $20,000 cash would:

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An owner withdrawal of $20,000 cash would:

An owner withdrawal of $20,000 cash would:
A) decrease owner's equity and increase assets by $20,000.
B) increase owner's equity and decrease liabilities by $20,000.
C) increase liabilities and assets by $20,000.
D) decrease assets and owner's equity by $20,000.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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