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On 3/1/21, a private company has $150,000 in building assets, $300,000 in accounts receivable and $200,000 in accounts payable. The CGS for period is $100,000
On 3/1/21, a private company has $150,000 in building assets, $300,000 in accounts receivable and $200,000 in accounts payable. The CGS for period is $100,000 and depreciation expenses are $50,000. What is the owners equity for this company at the end of the last period?
a. 200,000
- 450,000
- 250,000
- None of the above
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