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

Intermediate Algebra
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
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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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