The Net Income of Thomas Company Was $73,000 for This

question 62

Multiple Choice

The net income of Thomas Company was $73,000 for this year.The beginning balance of Thomas,Capital was $32,000 and the ending balance was $71,000.There were no new capital contributions during the year.What was the amount of withdrawals during the year?

• A) $71,000
• B) $34,000
• C) $144,000
• D) $32,000

---

Definitions:

Complex Graphics

Detailed and intricate visual representations used to convey information or data.

Identity For Marketing

The creation and promotion of a distinct brand or persona that is used to differentiate and sell products or services in a marketplace.

Without Permission

Taking action or using something belonging to someone else without receiving explicit consent.

Label

A name, word, or phrase assigned to someone or something for the purpose of classification or identification.