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If Beginning Capital Was $120,000,ending Capital Is $90,000,and the Owner's

Question 112

Multiple Choice

If beginning capital was $120,000,ending capital is $90,000,and the owner's withdrawals were $15,000,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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