Question

decreases in net assets of a particular enterprise resulting from transferring assets, rendering services, or incurring liabilities by the enterprise to owners; these decrease ownership interests (or equity) in an enterprise

Answer 1

In business, decreases in net assets are referred to as withdrawals or distributions, which occur when owners take out assets or cash from the business for personal use, reducing their ownership interests or equity.

Step-by-step explanation:

In business, these decreases in net assets are referred to as withdrawals or distributions.

Withdrawals or distributions occur when owners of a business take out assets or cash from the business for personal use. This reduces their ownership interests or equity in the business.

For example, if the owner of a small bakery takes $1,000 from the business's cash reserves to pay personal expenses, this would be considered a withdrawal or distribution.