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El Centro Company Began the Year with Owner's Equity of $30000

Question 217

Multiple Choice

El Centro Company began the year with owner's equity of $30000. During the year El Centro received additional owner investments of $42000 recorded expenses of $120000 and had owner drawings of $12000. If El Centro's ending owner's equity was $112000 what was the company's revenue for the year?


A) $164000.
B) $172000.
C) $202000.
D) $214000.

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