Zapper Has Beginning Equity of $257,000, Net Income of $51,000

question 210

Multiple Choice

Zapper has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is:

• A) $274,000.
• B) $208,000.
• C) $223,000.
• D) $268,000.
• E) $240,000.

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