net income
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Free InquiryIf 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
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