Question 9 On March 31, the financial information of XYZ company are as follows: capital on March 1 $300,000, owner's contribution $150,000, owner's withdrawals $50,000, expenses $70,000, and revenues $100,000. What is the amount of owner's equity as of March 31 of the current year? OA. $500,000 $430,000 O B. $550,000 $480,000 OD.

Question 9 On March 31, the financial information of XYZ company are as follows: capital on March 1 $300,000, owner's contribution $150,000, owner's withdrawals $50,000, expenses $70,000, and revenues $100,000. What is the amount of owner's equity as of March 31 of the current year? OA. $500,000 $430,000 O B. $550,000 $480,000 OD.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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