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How much is the equity of the firm at year-end

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Problem - Kristina Consulting, began the year with total assets of $90,000, and liabilities of $30,000. During the year, Kristina Consulting earned revenue of $145,000 and Incurred expenses of $20,000. The owners of Kristina Consulting also invested an additional $20,000 in the business and withdrew $50,000 for living expenses, After closing the temporary accounts to an equity account, how much is the equity of the firm at year-end?

Reference no: EM133042930

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