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:

GetMessage

A method typically found in exception handling that returns the detail message string of the thrown exception.

Zero-Argument Constructor

A constructor method in a class that does not require any parameters to create an instance of the class.

GetMessage

A function or method in many event-driven interfaces that retrieves messages or events from the event queue for the application to process.

DiskDriveNotReady

DiskDriveNotReady refers to an error condition indicating that a computer's disk drive is not in a ready state to read or write data.