The beginning capital balance shown on a statement of owner's equity is $64,000. Net income for the period is $23,000 and the owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
A. $117,000.
B. $64,000.
C. $71,000.
D. $57,000.
Answer: D
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Indicate whether the statement is true or false
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