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2. Which of the equation is correct for owner's equity? (a) Owner's equity = Capital +/-) Profit/(Losses)-Drawings (b) Owner's equity - Assets - Drawings (c)

2. Which of the equation is correct for owner's equity? (a) Owner's equity = Capital +/-) Profit/(Losses)-Drawings (b) Owner's equity - Assets - Drawings (c) Owner's equity - Capital + Profit + Drawings (d) Owner's equity Revenue - Expenses

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