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Business, 24.01.2020 21:31 dmgboos6

Precision camera services started the year with total assets of $120,000 and total liabilities of $40,000. the company is a sole proprietorship. the revenues and the expenses for the year amounted to $140,000 and $50,000, respectively. during the year, there were no new capital contributions and the owner withdrew $45,000. what is the amount of owner's equity at the end of the year?

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Precision camera services started the year with total assets of $120,000 and total liabilities of $4...

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