At the beginning of the year,Pullman Company's assets were $270,000 and its owner's equity was $201,000.During the year,assets decreased by $35,000 and liabilities increased by $10,000.What was owner's equity at the end of the year?

Question

Quizplus · Accepted Answer

The Answer of At the beginning of the year,Pullman Company's assets were $270,000 and its owner's equity was $201,000.During the year,assets decreased by $35,000 and liabilities increased by $10,000.What was owner's equity at the end of the year?

At the Beginning of the Year,Pullman Company's Assets Were $270,000