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.