Multiple Choice
The net income of Thomas Company was $73,000 for this year.The beginning balance of Thomas,Capital was $32,000 and the ending balance was $71,000.There were no new capital contributions during the year.What was the amount of withdrawals during the year?
A) $71,000
B) $34,000
C) $144,000
D) $32,000
Correct Answer:
Verified
Correct Answer:
Verified
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