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At October 1 Flambo Company Reported Owner's Equity of $68000

Question 91

Multiple Choice

At October 1 Flambo Company reported owner's equity of $68000. During October the owner made additional investments of $10000 and the company posted a net loss of $4000. If owner's equity at October 31 totals $70000 what amount of owner drawings were made during the month?


A) $0
B) $4000
C) $6000
D) $10000

Correct Answer:

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