The assets of XERO's business increased by $80,000 and the liabilities increased by $90,000 during...
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Accounting
The assets of XERO's business increased by $80,000 and the liabilities increased by $90,000 during the current year. If the loss for this period was $16,000, what additional contribution or withdrawal was made by the owner? (Assume only a withdrawal or a contribution was made.) Select one: A. Drawings $6000 B. Contribution $26000 C. Contribution $6000 D. Drawings $26000 Clear my choice
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