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3. If total assets were $10,000 and total liabilities were $6,000 at the beginning of the year, and if net income for the year was
3. If total assets were $10,000 and total liabilities were $6,000 at the beginning of the year, and if net income for the year was $2,000, what is total owners' equity at the end of the year? a. $4,000. b. $5,000. c. $6,000. d. $7,000
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
