Multiple Choice
At October 1 Flambo Company reported owner's equity of $76000. During October no additional investments were made and the company posted a net loss of $8000. If owner's equity at October 31 totals $64000 what amount of owner drawings were made during the month?
A) $0
B) $4000
C) $8000
D) $16000
Correct Answer:
Verified
Correct Answer:
Verified
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