Multiple Choice
Eli's Electronic Repair Shop started the year with total assets of $300000 and total liabilities of $200000. During the year the business recorded $400000 in electronic repair revenues $300000 in expenses and Eli withdrew $50000. Eli's Owner's Capital balance changed by what amount from the beginning of the year to the end of the year?
A) $100000.
B) $ 50000.
C) $200000.
D) $250000.
Correct Answer:
Verified
Correct Answer:
Verified
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