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

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 5BCRQ

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Question

Heloo sir um stuck in this pls help

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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