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How much additional investment was made by the owner

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Question - ABC Company had assets of $550,000 and liabilities of $322,000 at the beginning of the year. During the year, withdrawals of $35,000 was made by the owner and the business was able to earn a net amount of $100,775. If the assets and liabilities of the company at the end of the year were $678,500 and $292,450, how much additional investment was made by the owner during the year?

Reference no: EM133107423

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