Question
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 cash
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 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
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$200,000.
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$230,000.
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$290,000.
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$260,000.
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Hospitality Industry Managerial Accounting
Authors: Raymond S. Schmidgall
8th Edition
0866124977, 9780866124973
