The beginning capital balance shown on a statement of owner's equity is $100,000. net income for the period is $50,000. the owner withdrew $25,000 cash from the business and made no additional investments during the period. the owner's capital balance at the end of the period is:

What is credit and debit in accounting

Which feature is a characteristic of a corporation?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.