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Doc's Ribhouse Had Beginning Equity of $52,000;net Income of $35,000,and

Question 145

Multiple Choice

Doc's Ribhouse had beginning equity of $52,000;net income of $35,000,and withdrawals by the owner of $12,000.Calculate the ending equity.

A) $(5,000) .
B) $29,000.
C) $5,000.
D) $99,000.
E) $75,000.

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