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

question 82

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $36,000. Net income for the period is $16,000. 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

• A)$40,000.
• B)$72,000.
• C)$32,000.
• D)$36,000.

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Definitions:

Multi-Question Approach

A sales technique that incorporates asking several targeted questions aimed at understanding the customer's needs and preferences.

Customer Benefit Approach

A sales strategy that focuses on explaining how a product or service directly benefits the customer, addressing their needs or solving their problems.

Referral

The act of recommending a person or service to someone else, often used in sales and professional services to acquire new clients.

Curiosity

A strong desire to learn or know something, which can be a driving force in investigative behaviors, innovation, and learning.