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:

Non-Arab Population

Individuals or groups who are not of Arab descent, residing within or outside the Arab world.

Population Transfer

The forcible removal of a group of people from the territory they have occupied.

Native Americans

The indigenous peoples of the United States, including both the mainland and Alaska Natives, who have varying cultures, languages, and histories.

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.