Solution-Find assets as of the beginning of the period

Find assets as of the beginning of the period

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Reference no: EM132639114

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, find assets as of the beginning of the period?

Reference no: EM132639114

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Find assets as of the beginning of the period

Reference no: EM132639114

Reference no: EM132639114

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