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If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000, the amount of net income or net loss for the
If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000, the amount of net income or net loss for the period was:
- net loss of $35,000
- net income of $35,000
- net income of $14,000
- net loss of $14,000
- none of the options listed
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