Multiple Choice
The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000 at the end of the year.The owner had made no additional investments and had withdrawn $19,000 during the year.The net income for the year amounted to
A) $81,000.
B) $67,000.
C) $48,000.
D) $171,000.
Correct Answer:
Verified
Correct Answer:
Verified
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