At the end of the current year, the owners equity in Troy Corporation is $235,000. During the year, the assets of the business had decreased by $45,000, and the liabilities had increased by $58,000. Owners equity at the beginning of the year must have been:

Question 2

Select one:

a.

$280,000

b.

$441,000

c.

$132,000

d.

$103,000

e.

$338,000