Answer:
Option (b) is correct.
Explanation:
Given that,
Total assets of the company = $250,000
Total liabilities of the company = $100,000
Revenue for the year = $300,000
The owner's total equity is the difference between total assets and total liabilities.
owner's total equity:
= Total assets - Total liabilities
= $250,000 - $100,000
= $150,000
