Multiple Choice
If equity at the beginning of the period is $180,000, profit for the period is $90,000 and $25,000 is withdrawn by the owner during the period, equity at the end of the period is:
A) $115,000.
B) $245,000.
C) $289,000.
D) cannot be calculated from the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
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