Question
36. After closing the revenue, expense, and withdrawal accounts, the capital increased by $2,000. Which of the following situations could have occurred? a. The company
36. After closing the revenue, expense, and withdrawal accounts, the capital increased by $2,000. Which of the following situations could have occurred? a. The company had a net income. b. The owner invested an additional amount. c. The owner made a withdrawal. d. All of the above.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
11th Edition
0471448966, 978-0471448969
