If a Sole Proprietor Who Owns an Electrical Store Takes

Multiple Choice

If a sole proprietor who owns an electrical store takes home a DVD player for his own personal use it would be considered to be:

A) An expense because an asset has been given away
B) An increase in equity and a decrease in assets because the proprietor now owns the DVD player
C) A decrease in assets and a decrease in equity because by taking the DVD player the owner has made a drawing from the business
D) An increase in assets and an increase in equity