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If Beginning Capital Was $100,000, Ending Capital Is $85,000, and the Owner's

Question 157

Multiple Choice

If beginning capital was $100,000, ending capital is $85,000, and the owner's withdrawals were $10,000, the amount of net income or net loss was

A) net income of $5,000.
B) net income of $15,000.
C) net loss of $15,000.
D) net loss of $5,000.

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