On a Statement of Owner's Equity, Beginning Capital Is $152,000

question 29

Multiple Choice

On a statement of owner's equity, beginning capital is $152,000, Drawing for the year is $65,000, and the ending capital is $191,000. What is the amount of Net Income for the year?

• A)$126,000
• B)$ 87,000
• C)$104,000
• D)$ 26,000

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