Multiple Choice
The beginning capital balance shown on a statement of owner's equity is $86,000.Net income for the period is $36,000.The owner withdrew $44,000 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) $78,000.
B) $94,000.
C) $122,000.
D) $166,000.
Correct Answer:
Verified
Correct Answer:
Verified
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