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

question 102

Multiple Choice

At the end of the current year,the owners' equity in Barclay Bakery is $246,000.During the year,the assets of the business had increased by $120,000 and the liabilities had increased by $72,000.Owners' equity at the beginning of the year must have been:

• A)$198,000.
• B)$174,000.
• C)$284,000.
• D)$438,000.

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