Question
If an organisation has an opening balance of owners equity of $125000, income of $670000, expenses of $325000, contributions during the accounting period of $35000,
If an organisation has an opening balance of owners’ equity of $125000, income of $670000, expenses of $325000, contributions during the accounting period of $35000, and distributions during the accounting period of $12000, what is the value of owners’ equity at the end of the reporting period?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
