Multiple Choice
The Balance Sheet for Renuvation LLC shows assets totaling $107,000 and liabilities totaling $75,000.Which of the following statements is correct?
A) Owner's Equity equals $182,000.
B) Current Assets are worth $32,000.
C) Net Income for the period is $32,000.
D) Owner's Equity equals $32,000.
Correct Answer:
Verified
Correct Answer:
Verified
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