IDNLearn.com: Your one-stop destination for finding reliable answers. Join our community to receive timely and reliable responses to your questions from knowledgeable professionals.
El Centro Company began the year with owner's equity of $30,000. During the year, El Centro received additional owner investments of $42,000, recorded expenses of $120,000, and had owner drawings of $12,000. If El Centro's ending owner's equity was $112,000, what was the company's revenue for the year?
a. $214,000. b. $172,000. c. $202,000. d. $164,000.
Sagot :
We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.
