Question
Net income forO'Neal Company is $25,000 for the current year. The owner withdrew $3,000 per month for personal living expenses. Theowner's capital account will show
Net income forO'Neal Company is $25,000 for the current year. The owner withdrew $3,000 per month for personal living expenses. Theowner's capital account will show a net_______.
A.increase of $11,000
B.increase of $22,000
C.decrease of $25,000
D.decrease of $11,000
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
