On a Statement of Owner's Equity, Beginning Capital Is $30,000

question 5

Multiple Choice

On a statement of owner's equity, beginning capital is $30,000, Net Income for the year is $11,000 and Drawing for the year is $6,000, the ending capital amount would be:

• A)$25,000.
• B)$47,000.
• C)$35,000.
• D)$30,000.

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Definitions:

Global-Mindset

A global-mindset is the ability to appreciate and influence individuals, businesses, and cultures in a global context.

Global Mindset

The ability to appreciate and navigate diverse cultures, perspectives, and practices in global business environments.

Across Cultures

Spanning or encompassing multiple cultural backgrounds, traditions, or practices, and often concerning the comparison or interaction between them.

Strategic Issues

Significant matters that affect or have the potential to affect the direction and success of an organization or policy.