Owners equity at the beginning of the year

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At the end of the current year, the owners' equity in Durante Co. is $358,000. During the year, the assets of the business had increased by $66,000 and the liabilities had increased by $117,000. Owners' equity at the beginning of the year must have been:

Reference no: EM13823158

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Owners equity at the beginning of the year : At the end of the current year, the owners' equity in Durante Co. is $358,000. During the year, the assets of the business had increased by $66,000 and the liabilities had increased by $117,000. Owners' equity at the beginning of the year must have b..

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