Multiple Choice
At January 1, 2020, Croc Industries reported owner's capital of $140,000. During 2020, Croc had a net loss of $30,000 and owner drawings of $15,000. At December 31, 2020, the amount of owner's capital is
A) $ 95,000.
B) $110,000.
C) $125,000.
D) $155,000.
Correct Answer:
Verified
Correct Answer:
Verified
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