Use the Following Table to Answer the Next Question

question 16

Multiple Choice

Use the following table to answer the next question. All values are net.Table 9.3

-Based on Table 9.3,the capital account balance is equal to

• A)+25.
• B)-25.
• C)-125.
• D)+125.

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Definitions:

Retail Inventory Method

An accounting technique used to estimate inventory value by comparing the cost of goods sold to the total sales.