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If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, the amount of net income or net loss was (Points:
If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, the amount of net income or net loss was (Points: 3) net income of $42,000 net income of $17,000 net loss of $22,000 net loss of $1,000
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