Mr. Mohammed invested RO 5,000 to start his coffee shop business. He earned revenues of RO...

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Mr. Mohammed invested RO 5,000 to start his coffee shop business. He earned revenues of RO 1,000 and paid expenses of RO 500. The owners equity at the end of the year would be O a. RO 1,000 O b. RO 5,500 O c. RO 5,000 O d. RO 4,500 Mr. Mohammed invested RO 5,000 to start his coffee shop business. He earned revenues of RO 1,000 and paid expenses of RO 500. The owners equity at the end of the year would be O a. RO 1,000 O b. RO 5,500 O c. RO 5,000 O d. RO 4,500

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Ans RO 5500 Calculation of Net Income Revenue Les... View the full answer