Multiple Choice
At the end of the current year,the owners' equity in Barclay Bakery is $246,000.During the year,the assets of the business had increased by $120,000 and the liabilities had increased by $72,000.Owners' equity at the beginning of the year must have been:
A) $198,000.
B) $174,000.
C) $284,000.
D) $438,000.
Correct Answer:
Verified
Correct Answer:
Verified
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