The net income of Hendley Company for the year is $ 25000. The owner withdrew...

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Accounting

The net income of Hendley Company for the year is $ 25000. The owner withdrew during the year $ 30000. Which of the following statements is true?
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Part 1
A.
The capital account decreases by $ 5000.
B.
The capital account decreases by $ 25000.
C.
The capital account increases by $ 30000.
D.
The capital will remain the same.

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