Question
The beginning capital balance shown on a statement of owner's equity is $72,000. Net income for the period is 22,000. The owner withdrew $30,000 cash
The beginning capital balance shown on a statement of owner's equity is $72,000. Net income for the period is 22,000. 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
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
