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    Exam 4: Completing the Accounting Cycle
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    What Is the Net Result If the Amount of Net
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What Is the Net Result If the Amount of Net

Question 63

Question 63

Multiple Choice

What is the net result if the amount of net income for the year is less than the amount of the owner's withdrawals?


A) Owner, Capital increases
B) Cash balance decreases
C) Cash balance increases
D) Owner, Capital decreases

Correct Answer:

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