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How much is the ending total assets

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Question - A business has total assets, total liabilities, and total equity of 100,000, 70,000 and 30,000, respectively, at the beginning of the period. During the period, total liabilities decreased to 40,000. The business reported profit of 50k for the period. How much is the ending total assets? Please show me the formula.

Reference no: EM132978600

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