WILL MARK BRAINLIEST Hannah and John made capital contributions of $50,000 each to their law firm. During the accounting period, John withdrew $5,000 and Hannah
withdrew $7,500. The total profit of the law firm for the given year was $17,500. What was the total partner's equity at the end of the accounting
period?
А. $50,000
B. $105,000
C. $55,000
D. $100,000
E. $5,000

the total partner equity is $105,000

Explanation:

The computation of the total partner equity is shown below;

= Capital contributions × number of partners - withdrawn amount by the partners + total profit

= $50,000 × 2 - $5,000 - $7,500 + $17,500

= $105,000

hence, the total partner equity is $105,000

Therefore the correct option is B.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answer/// product differentiation;