The net income of Edwards Corporation amounted to $75,000 for this year.The beginning balance of owner's equity was $30,000 and the ending balance was $72,000.The company received no new contributions during the year.What was the amount of the owner's withdrawals during the year?
A)$72,000
B)$33,000
C)$147,000
D)$30,000

Question

Quizplus · Accepted Answer

B)
 11ea8a42_4eec_ae70_8b44_cf302215ce8f_TB5024_00 Add:
 11ea8a42_4eec_d581_8b44_1d1ba88eb615_TB5024_00

The Net Income of Edwards Corporation Amounted to $75,000 for This