The Beginning Capital Balance Shown on a Statement of Owner's

question 91

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $64,000. Net income for the period is $23,000 and 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

• A)$64,000.
• B)$117,000.
• C)$71,000.
• D)$57,000.

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