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Compute the assets as of the beginning of the period

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Question - Investment by the owner, income and withdrawals by the owner during the period were $50,000, $39,000 and $22,000, respectively. Assets and liabilites as of the end of the period were $307,000 and $154,000, respectively. If the liabilities as of the beginning of the period were $109,000, compute the assets as of the beginning of the period?

Reference no: EM132638123

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