At the End of the Current Year,the Owners' Equity in Durante

question 20

Multiple Choice

At the end of the current year,the owners' equity in Durante Co.is $360,000.During the year,the assets of the business had increased by $68,000 and the liabilities had increased by $118,000.Owners' equity at the beginning of the year must have been:

• A)$410,000.
• B)$310,000.
• C)$546,000.
• D)$174,000.

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Definitions:

Persuasion

The attempt to change an audience’s attitudes, beliefs, or actions.

Audience's Attitudes

The collective feelings, beliefs, and behaviors of an audience towards a subject, which can influence their reception and interpretation of messages.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Actions

The things that an individual or group does, often considered in terms of how they demonstrate intentions or achieve objectives.