Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business...

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Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl made an additional investment of $9,000 and withdrew cash of $15,000 during the year. Owner's equity changed by what amount from the beginning of the year to the end of the year?


 

 

$9,000

 

$12,000

 

$45,000

 

$3,000

 
 

 

  
    • 13 years ago
    • 999999.99
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