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What is owners equity at the beginning of the period

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Problem 1: Total assets and total owners' equity are $120,000 and $91,000 at the end of the period. Assets decreased 40% and liabilities increased 45% during the period. What is owners' equity at the beginning of the period?

A. $63,700

B. $70,000

C. $130, 000

D. $180,000

E. $200,000

Reference no: EM133012280

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