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What was the amount of the owner withdrawals

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Question - The net income of Edwards Corporation amounted to? $65,000 for this year. The beginning balance of owner's equity was $20,000 and the ending balance was $80,000. The company received $15,000 additional contributions during the year. What was the amount of the owner's withdrawals during the year?

A. 35,000

B. 5,000

C. 20,000

D. 110,000

Reference no: EM133057047

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