Multiple Choice
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $30,000; Supplies, $600; Equipment, $10,000; Accounts Payable, $8,500. What is the amount of owner's equity as of August 31 of the current year?
A) $12,100.
B) $49,100.
C) $30,900.
D) $10,900.
E) $32,100.
Correct Answer:
Verified
Correct Answer:
Verified
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