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Discuss how much is owners equity at year-end

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Barstock Company, began the year with total assets of $177,000 and liabilities of $112,000. During the year, the business earned revenue of $103,000 and incurred expenses of $48,000. The owner withdrew cash in the amount of $24,000. How much is owner's equity at year-end?

Reference no: EM131816637

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