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Flash Has Beginning Equity of $257,000, Net Income of $51,000

Question 120

Multiple Choice

Flash has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is:

A) $223,000.
B) $240,000.
C) $268,000.
D) $274,000.
E) $208,000.

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