Answered: Distributions of the net income of a…

Distributions of the net income of a business to its owners are called: O dividends O monetary unit O auditing O earnings

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter23: Exempt Entities

Section: Chapter Questions

Problem 8DQ

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Basic Accounting Terms

Accounting terms are accounting terminology, accounting jargon, accounting acronyms, and accounting vocabulary that are commonly used to understand accounting fundamentals. It would be difficult for anyone to read, understand, and interpret the company's financial statements if they did not understand and know the meaning of the basic accounting terms.

Question

Distributions of the net income of a business to its
owners are called:
O dividends
O monetary unit
O auditing
O earnings

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