Author Question: Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ... (Read 33 times)

Shelles · **on:** Jul 5, 2018

Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total investments by the owner is 15,000; and total withdrawals by the owner is 5,000 . The owner's equity at the end of the period is
a. 80,000.
b. 75,000.
c. 85,000.
d. 40,000.

Question 2

What is Olde Towne's debt service coverage?

a. 0.8 times
b. 1.6 times
c. 2.0 times
d. 2.7 times

ciecieme · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

b

Answer to Question 2

c

Shelles · **Reply 2 on:** Jul 5, 2018

Gracias!

amandalm

TYSM

Author Question: Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ... (Read 33 times)

Shelles

Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ...

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ciecieme

Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ...

Shelles

amandalm