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3 votes
If beginning capital was $110,000, ending capital was $95,000, and the owner's withdrawals were $10,000, the amount of the net income or net loss was a

A). Net income of $5,000
B). Net income of $15,000
C). Net lose of $15,000
D). Net loss of $5,000

User Jmruc
by
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2 Answers

0 votes
the answer is b.
hope its right
User Nital
by
7.7k points
1 vote
The correct answer is D. Net loss of $5,000
User Vasekt
by
8.4k points
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