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What amount of net income or loss did the company earn

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Question - ABC Company had properties of $415,990 and obligations worth $125,800 at the beginning of the year, and assets of $366,000 and liabilities of $188,450 at the end of the year. During the year, the owner invested an additional $90,000 in the business and made withdrawals worth $40,100. What amount of net income or loss did the company earn or incur during the year?

Reference no: EM133114049

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