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The balance of owner's capital at the beginning of the year was $50,000 and at the end of the year was $67,000. No additional
The balance of owner's capital at the beginning of the year was $50,000 and at the end of the year was $67,000. No additional capital was contributed during the year. Withdrawals were $23,000. What was the net income or loss for the year?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
