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At September 1, 2016, Hotel Company reported owners capital of $147,000. During the month, the Company generated revenues of $48,000, incurred expenses of $26,000, purchased
At September 1, 2016, Hotel Company reported owners capital of $147,000. During the month, the Company generated revenues of $48,000, incurred expenses of $26,000, purchased equipment for $5,000 and withdrew cash of $3,000. What is the amount of owners capital at September 30, 2016?
a.
$161,000
b.
$169,000
c.
$171,000
d.
$166,000
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Applying IFRS Standards
Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas
4th Edition
1119159229, 9781119159223
