Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year?
$405,000.
$235,000.
$255,000.
$215,000.
Benito's owner's equity at the end of the year was $255,000.
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Asked 5/6/2012 4:31:30 PM
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