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

question 39

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $37,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $96,000. The amount the owner withdrew for personal use during the period is

• A)$37,000.
• B)$16,000.
• C)$80,000.
• D)$21,000.

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Definitions:

Employment Discrimination

Unjust or prejudicial treatment of individuals in a workplace environment based on race, age, gender, disability, or other protected characteristics.

Personal Prejudices

Individual biases or preconceived opinions that influence one's feelings or actions towards others or certain situations.

Perfect Candidate

An ideal individual for a specific role or position, meeting all desired qualifications and attributes.

Specialist

An individual with a high degree of expertise in a particular field or subject, often leading to increased efficiency in their work.