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At October 1 Flambo Company Reported Owner's Equity of $70000

Question 112

Multiple Choice

At October 1 Flambo Company reported owner's equity of $70000. During October the owner made additional investments of $4000 and the company earned net income of $14000. If owner's equity at October 31 totals $78000 what amount of owner drawings were made during the month?


A) $0
B) $4000
C) $8000
D) $10000

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