Multiple Choice
If beginning capital was $170,000, ending capital is $93,000, and the owner's withdrawals were $19,000, the amount of net income or net loss was:
A) net income of $77,000.
B) net income of $58,000.
C) net loss of $58,000.
D) net loss of $77,000.
Correct Answer:
Verified
Correct Answer:
Verified
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