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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
If beginning capital was $120,000, ending capital is $90,000, and the owner's withdrawals were $15,000, the amount of net income or net loss was:
A) net loss of $15,000.
B) net income of $5,000.
C) net income of $15,000.
D) net loss of $5,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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6 years ago
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Fast2F Author
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#2
6 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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