The Beginning Balance in the Owner,Capital Account of a Company

question 132

True/False

The beginning balance in the Owner,Capital account of a company was $13,000.The revenues and expenses were $240,000 and $120,000,respectively.During the year,the owner made withdrawals of $6,000.The ending balance in the Owner,Capital was $114,000.(Assume that the opening balance of in Owner,Capital was zero,and the owner made no new contributions during the year. )

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Definitions:

Meat Powder

A powdered form of meat used primarily for nutritional supplementation and as a food ingredient.

Conditioned Reflexes

Learned responses elicited by specific stimuli due to the association of those stimuli with a particular outcome.

Learned Involuntary Responses

Behaviors or reactions that are acquired through conditioning and occur involuntarily in response to certain stimuli.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.