Sinoyianis Realty Company Had the Following Balance Sheet Accounts and Balances

question 14

Multiple Choice

Sinoyianis Realty Company had the following balance sheet accounts and balances: If the equipment were sold for $14,000,what would be the total of owner's equity?

• A)$8,000
• B)$22,000
• C)$36,000
• D)$40,000

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Definitions:

Closing

In a letter, an ending word or phrase placed above the signature, such as “Sincerely” or “Very truly yours.”

Final Step

The last phase in a process or procedure, often crucial for the completion or achievement of the intended outcome.

Transfer

The act of moving or conveying property, rights, or interest from one entity or person to another.

Signing

Signing refers to the act of writing one's name, initials, or mark on a document as a form of acknowledgement, consent, or agreement.