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Mary Janane's Capital Statement Reveals That Her Drawings During the Year

Question 92

Multiple Choice

Mary Janane's capital statement reveals that her drawings during the year were $50,000. She made an additional capital investment of $25,000 and her share of the net loss for the year was $10,000. Her ending capital balance was $200,000. What was Mary Janane's beginning capital balance?


A) $225,000
B) $185,000
C) $235,000
D) $260,000

Correct Answer:

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