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On a Statement of Owner's Equity, Beginning Capital Is $30,000

Question 5

Multiple Choice

On a statement of owner's equity, beginning capital is $30,000, Net Income for the year is $11,000 and Drawing for the year is $6,000, the ending capital amount would be:


A) $25,000.
B) $47,000.
C) $35,000.
D) $30,000.

Correct Answer:

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