Doc's Ribhouse Had Beginning Equity of $52,000; Net Income of $35,000

question 237

Multiple Choice

Doc's Ribhouse had beginning equity of $52,000; net income of $35,000, and withdrawals by the owner of $12,000. The owner made no investments during the year. Calculate the ending equity.

• A) $29,000.
• B) $(5,000).
• C) $75,000.
• D) $5,000.
• E) $99,000.

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Definitions:

Vaginitis

Inflammation of the vagina that can result in discharge, itching, and pain, often caused by infection.

Cervicitis

Inflammation of the cervix, often due to infection, that can result in redness, swelling, and sometimes discharge.

Fallopian Tubes

The pair of tubes that transport eggs from the ovaries to the uterus, also the site where fertilization of an egg by sperm typically occurs.

Uterine Tubes

Also known as fallopian tubes, these are the ducts through which eggs travel from the ovaries to the uterus.