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The beginning capital balance shown on a statement of owner's equity is $54,000. Net income for the period is $16,000 and the owner withdrew $20,000

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The beginning capital balance shown on a statement of owner's equity is $54,000. Net income for the period is $16,000 and the owner withdrew $20,000 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 o $58.000 O $70,000 $50.000 o $90.000

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