MCQs>Finance & Management>Financial Accounting>At January 1, 2010, the balance of equity was $200,000. During the year of 2010, revenue and expenses were as follows: Revenue = $300,000; Expenses = $240,000. What is the balance of equity at December 31, 2010?
Financial Accounting MCQs
At January 1, 2010, the balance of equity was $200,000. During the year of 2010, revenue and expenses were as follows: Revenue = $300,000; Expenses = $240,000. What is the balance of equity at December 31, 2010?
Answer
Correct Answer: $260,000
Explanation:
Note: This Question is unanswered, help us to find answer for this one