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Benito Company Began the Year with Owner's Equity of $175,000

Question 10

Multiple Choice

Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year?


A) $255,000
B) $215,000
C) $405,000
D) $235,000

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