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A company had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 9 7
A company had the following assets and liabilities at the beginning and end of this year.
Assets Liabilities
Beginning of the year $ $
End of the year
Owner made no investments in the business, and no withdrawals were made during the year.
Owner made no investments in the business, but did withdraw $ during the year.
Owner made no withdrawals during the year, but the owner did invest an additional $ cash.
Owner withdrew $ during the year, but the owner did invest an additional $ cash near yearend.
Determine net income or net loss for the business during the year for each of the above separate cases:
Note: Decreases in equity should be indicated with a minus sign.
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