Multiple Choice
Gadsden Lawn Service began operations on January 1, 2010, when Doug Gadsden contributed $100,000 of cash and equipment. During the year, the company earned $200,000 of revenue, incurred $120,000 of expenses, and paid $10,000 of dividends. Total owner's equity at December 31, 2010 is
A) $ 0.
B) $100,000.
C) $170,000.
D) $180,000.
E) $190,000.
Correct Answer:
Verified
Correct Answer:
Verified
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