Question

1. A brand new company has a building cost $10,000, machinery
costing $5,000, cash of $700, and a bank van of $7,850. What is
the owner's equity?
A. $8,850
B. $15,700
C. $7,750
D. Cannot be Determined
E. $7,850

Answer 1

Answer:

correct answer is option e) $7850

Explanation:

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