On January 1 of the current year, Jimmy's Sandwich Company reported total equity of $131,000. During...

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On January 1 of the current year, Jimmy's Sandwich Company reported total equity of $131,000. During the current year, total revenues were $112,000, while total expenses were $121,500. No other changes in equity occurred during the year. The change in total equity during the year was: Multiple Choice A decrease of $9,500. An increase of $46,500. An increase of $25,500. An increase of $81,000. A decrease of $46,500. < Prev 13 of 25 Next > On January 1 of the current year, Jimmy's Sandwich Company reported total equity of $131,000. During the current year, total revenues were $112,000, while total expenses were $121,500. No other changes in equity occurred during the year. The change in total equity during the year was: Multiple Choice A decrease of $9,500. An increase of $46,500. An increase of $25,500. An increase of $81,000. A decrease of $46,500. < Prev 13 of 25 Next >