Crane Consulting started the year with total assets of $59800 and total liabilities of $14700. During the year, the business recorded $49000 in consulting revenues and $30400 in expenses. Crane made an additional investment of $9600 and withdrew cash of $14500 during the year. The owner's equity at the end of the year was O $34300. O $54100. O $58800. O $63700.

Crane Consulting started the year with total assets of $59800 and total liabilities of $14700. During the year, the business recorded $49000 in consulting revenues and $30400 in expenses. Crane made an additional investment of $9600 and withdrew cash of $14500 during the year. The owner's equity at the end of the year was O $34300. O $54100. O $58800. O $63700.

Name: The owner's equity at the end of the year was ? Current Attempt in Pro
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Description: The owner's equity at the end of the year was ? Current Attempt in ProgressCrane Consulting started the year with total assets of $59800 and total liabilities of $14700. During the year, the business recorded$49000 in consulting revenues and $30400 i

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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