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  • 26-01-2024
  • Business
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ABC Company's owner withdrawals $2,000 cash. What is the effect on the accounting equation?
A. Assets increase by $2,000 and equity increases by $2,000.
B. Assets decrease by $2,000 and equity decreases by $2,000.
C. Assets decrease by $2,000 and liabilities decrease by $2,000.
D. The amount of total assets remains the same

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