Question
At January 1, 2012, Alligator Industries reported owner's equity of $130,000. During 2012, Alligator had a net loss of $30,000 and owner drawings of $15,000.
At January 1, 2012, Alligator Industries reported owner's equity of $130,000. During 2012, Alligator had a net loss of $30,000 and owner drawings of $15,000. At December 31, 2012, the amount of owner's equity is
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
