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

question 4

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $86,000.Net income for the period is $36,000.The owner withdrew $44,000 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) $78,000.
• B) $94,000.
• C) $122,000.
• D) $166,000.

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