Mark is the owner of the restaurant Mark's on the Park. At the beginning of the year, Mark had $33,000 of equity in his business. During the year Mark's on the Park had net income of $12,000. How much equity does Mark have in his business at the end of the year? 33,000 O45,000 O 12,000 O 21,000
Mark is the owner of the restaurant Mark's on the Park. At the beginning of the year, Mark had $33,000 of equity in his business. During the year Mark's on the Park had net income of $12,000. How much equity does Mark have in his business at the end of the year? 33,000 O45,000 O 12,000 O 21,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Mark is the owner of the restaurant Mark's on the Park. At the beginning of the year,
Mark had $33,000 of equity in his business. During the year Mark's on the Park had
net income of $12,000. How much equity does Mark have in his business at the end
of the year?
33,000
45,000
12,000
O 21,000
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