Abdulla hired granite construction to build an addition onto his home. granite construction dug the foundation but then abandoned the project. granite construction is entitled to receive the full contract price minus the value of the defects.
a) true
b) false

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was: