Multiple Choice
Profit for the year is $25 000. Drawings of $36 000 per were taken at the end of the year. Which of the following occurs?
A) The Capital account increases by $11 000.
B) The Capital account increases by $22 000.
C) The Capital account decreases by $11 000.
D) The Capital account decreases by $22 000.
Correct Answer:
Verified
Correct Answer:
Verified
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