If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000.?

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If beginning capital was $25,000, ending capital is $37,000, and owner's withdra...
Posted by:
Shahbaz Hayder
07-June-2015

the amount of net income or net loss for the period was:

a. net loss of $35,000

b. net income of $35,000

c. net income of $14,000

d. net loss of $14,000

e. none of the options listed

Accounting Capital Projects Capital Acquisition

Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/07/16

Upvote (3) Views (60) Followers (20) Answers (17) Report Question

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17 Answers

by Sam Younes , Senior Budget & Financial Analyst , Haulotte BilJax

If the increase in capital is STRICTLY from operations, it would be a net income of $35K.

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by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is B thank you

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by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

23K+37K-25K=35K

b. net income of $35,000 -> net profit of $35000, right?

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by Umer Sharif , ERP Functional Consultant , BUSINESS TECHNOLOGY PVT LTD / AVEEROS PVT LTD

35K profit is the right answer............

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by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

The answer is B. net income of $35,000.

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by Md. Omar Faruq , Manager-Accounts & Finance , The Rani Re-Rolling Mills Limited.

Computation of profit: Opening Capital($.25,000)+Net Profit-Withdraw($23000)=Ending Capital($37000), So, Net profit will be $35000

The correct answer is option-B

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by Muhammad Iqbal , Manager Accounts , Fazal e haq restaurant and catereing services

Net incom is $35000, because increase in ending capital

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by Said Shaban , Accountant , Tri State Materials Testing

The answer is B

Beg. Balance + Net Income - Withdrawals = Ending Balance

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by Shahbaz itbar Abbasi

Net income of $35000 is the amount of total period.

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by kasim Abdul Halik , Payroll Accountant , MEA Resource Solutions (Cupola Group)

Option c is right answer, Net income14,000

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by saif ullah rana rajpoot

net income of35000 of this business

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If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000.?

the amount of net income or net loss for the period was:

a. net loss of $35,000

b. net income of $35,000

c. net income of $14,000

d. net loss of $14,000

e. none of the options listed

23K+37K-25K=35K

b. net income of $35,000 -> net profit of $35000, right?

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