Question
The beginning capital balance shown on a statement of owner's equity is $71,000. Net income for the period is $21,000. The owner withdrew $29,000 cash
The beginning capital balance shown on a statement of owner's equity is $71,000. Net income for the period is $21,000. The owner withdrew $29,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
Multiple Choice
- $92,000.
- $121,000.
- $79,000.
- $63,000.
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
