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

question 2

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $35,000. The owner withdrew $18,000 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)$63,000.
• B)$133,000.
• C)$97,000.
• D)$80,000.

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Definitions:

Flatworm

Bilaterally symmetrical invertebrate with organs but no body cavity; for example, a planarian or tapeworm.

Simple Diffusion

The movement of molecules from an area of higher concentration to an area of lower concentration without the need for energy or a carrier.

Digestive System

The series of organs and glands responsible for the breakdown and absorption of food to extract necessary nutrients.

Respiratory System

The network of organs and tissues that help you breathe, including the lungs, trachea, and nasal passages.