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The Beginning Capital Balance Shown on a Statement of Owner's

Question 34

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $43,000.Net income for the period is $18,000.The owner withdrew $22,000 cash from the business and made no additional investments during the period.The owner's capital balance at the end of the period is


A) $39,000.
B) $47,000.
C) $61,000.
D) $83,000.

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