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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Timothy McGreggor, Attorney, began the year with total assets of $129,000, liabilities of
$77,000, and owner’s equity of $52,000. During the year the business earned revenue of
$113,000 and paid expenses of $34,000. McGreggor also withdrew cash of $63,000. How much is the business’s equity at year-end?
a. $68,000 b. $97,000 c. $131,000 d. $165,000
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