Question

If beginning capital was $110,000, ending capital was $95,000, and the owner's withdrawals were $10,000, the amount of the net income or net loss was a

A). Net income of $5,000
B). Net income of $15,000
C). Net lose of $15,000
D). Net loss of $5,000

Answer 1

the answer is b.
hope its right

Answer 2

The correct answer is D. Net loss of $5,000