Multiple Choice
Doc's Ribhouse had beginning equity of $52,000; net income of $35,000, and withdrawals by the owner of $12,000. The owner made no investments during the year. Calculate the ending equity.
A) $29,000.
B) $(5,000) .
C) $75,000.
D) $5,000.
E) $99,000.
Correct Answer:
Verified
Correct Answer:
Verified
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