=+The income statement of a proprietorship for the month of December indicates a net income of $75,000.

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=+The income statement of a proprietorship for the month of December indicates a net income of $75,000. During the same period, the owner withdrew $100,000 in cash from the business for personal use.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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Question Posted: Sep 20, 2024 12:01 AM

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=+The income statement of a proprietorship for the month of December indicates a net income of $75,000.

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Accounting

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