On a statement of owner's equity, beginning capital is $50,000. Net income for the year is $21,000 and Drawing for the year is $8,000, the ending capital amount would be: A. $37,000 B. $79,000 C. $63,000 D. $50,000
On a statement of owner's equity, beginning capital is $50,000. Net income for the year is $21,000 and Drawing for the year is $8,000, the ending capital amount would be: A. $37,000 B. $79,000 C. $63,000 D. $50,000
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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On a statement of owner's equity, beginning capital is $50,000. Net income for the year is $21,000 and Drawing for the year is $8,000, the ending capital amount would be:
A. $37,000
B. $79,000
C. $63,000
D. $50,000
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