Tarr, a Sole Proprietorship, Had the Following Balances and Transactions

question 67

Multiple Choice

Tarr, a sole proprietorship, had the following balances and transactions during 2016: beginning capital, $40,000; contribution of cash to the business by the owner, $15,000; revenue, $60,000; expenses, $35,000; withdrawal by the owner, $5,000.What is the amount of the ending capital balance?

• A) $40,000
• B) $60,000
• C) $75,000
• D) $85,000

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Definitions:

Difficult Temperament

A temperament style characterized by high levels of irritability, low adaptability, and intense emotional responses.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Infant

A very young child, especially one newly or recently born, typically referring to a child in the first year of life.

Toddler

A young child, typically aged between one and three years old, who is in the early stages of walking and developing speech.