During the Current Year,the Assets of Quality Stairs Increased by $175,000

question 140

Multiple Choice

During the current year,the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000.If the owners' equity in the business is $475,000 at the end of the year,the owners' equity at the beginning of the year must have been:

• A)$335,000.
• B)$285,000.
• C)$665,000.
• D)$615,000.

---

Definitions:

Routine Responses

Communications that are standard or usual reactions to common situations or inquiries.

Appreciation Messages

Communications that express gratitude or acknowledgment of others' efforts or achievements.

Writing Guidelines

A set of criteria or principles designed to achieve clarity, effectiveness, and correctness in written communication.

Form Letter

A pre-written letter used for communicating a standard message to different recipients.