Use the Following Information for Questions 144-146

question 109

Multiple Choice

Use the following information for questions 144-146.
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. Stahl made an additional investment of $3,000 and withdrew cash of $5,000 during the year.
-The owner's equity at the end of the year was

• A) $21,000.
• B) $18,000.
• C) $8,000.
• D) $2,000.

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