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Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner
Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year? A. $215,000. B. $405,000. C. $235,000. D. $255,000
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
