On March 31, the financial information of XYZ company are as follows: capital on March 1...
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On March 31, the financial information of XYZ company are as follows: capital on March 1 $300,000, owner's contribution $150,000, owner's withdrawals $50,000, expenses $70,000, and revenues $100,000. What is the amount of owner's equity as of March 31 of the current year? OA $500,000 OB. $550,000 OC $430,000 OD. $480,000 On March 31, the financial information of XYZ company are as follows: capital on March 1 $300,000, owner's contribution $150,000, owner's withdrawals $50,000, expenses $70,000, and revenues $100,000. What is the amount of owner's equity as of March 31 of the current year? OA $500,000 OB. $550,000 OC $430,000 OD. $480,000
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Owner Equity Capital March 300000 Owners Contribution 15... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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