The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000

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The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to

a). $81,000

b). $67,000

c). $48,000

d). $171,000

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Jan 16, 2021 08:21 PM

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The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000

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Personal Finance Turning Money into Wealth

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