The Beginning Capital Balance Shown on a Statement of Owner's

question 34

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $43,000.Net income for the period is $18,000.The owner withdrew $22,000 cash from the business and made no additional investments during the period.The owner's capital balance at the end of the period is

• A) $39,000.
• B) $47,000.
• C) $61,000.
• D) $83,000.

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Definitions:

Consider Themselves

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Individuals who have reached the age at which they are considered legally responsible for their actions, typically marked by the attainment of a certain age.

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A fraction representing two parts of a whole divided into three equal parts.

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Alterations in the skin’s appearance, texture, or health, which may indicate underlying conditions or the effects of aging.