During the current year,the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000.If the owners' equity in the business is $475,000 at the end of the year,the owners' equity at the beginning of the year must have been:
A)$335,000.
B)$285,000.
C)$665,000.
D)$615,000.

Question

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The Answer of During the current year,the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000.If the owners' equity in the business is $475,000 at the end of the year,the owners' equity at the beginning of the year must have been:
A)$335,000.
B)$285,000.
C)$665,000.
D)$615,000.

During the Current Year,the Assets of Quality Stairs Increased by $175,000