Multiple Choice
Total assets and total liabilities were $31,000 and $26,000 respectively at the beginning of the period. Assets increased by 20% and liabilities increased by 10% during the period. What is the owner's equity at the end of the period?
A) $8,600
B) $65,800
C) $290
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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