Net Income Is $34,000

question 6

Multiple Choice

Net income is $34,000.Beginning owner's capital is $29,000.Ending owner's capital is $55,000.No capital contributions were made during the year.What was the amount of drawings?

• A) $18,000
• B) $8,000
• C) $60,000
• D) $5,000

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Definitions:

Influencing Politics

The act or process of affecting governmental policies, decisions, or the political climate through various means, including activism, lobbying, or public opinion.

Political Will

The determination or intent of a government or political body to undertake actions that address a particular issue or achieve a goal.

Stanford-Binet

A standardized test that assesses intelligence and cognitive abilities, first developed by Alfred Binet and later revised at Stanford University.

Suited

Well-fitted or appropriate for a particular purpose or situation.