U Fix It Hardware had revenues of $105,000 and expenses of $60,000. How does this affect owners

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U Fix It Hardware had revenues of $105,000 and expenses of $60,000. How does this affect owner’s equity?
a. $90,000 increase
b. $45,000 increase
c. $165,000 decrease
d. $40,000 decrease

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: Jul 04, 2022 03:47 AM

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U Fix It Hardware had revenues of $105,000 and expenses of $60,000. How does this affect owners

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b 45000 increase Explanation Owners equity is the total am...View the full answer

College Accounting A Contemporary Approach

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