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At the beginning of the year, the assets of C Services were 360,000 and its owner's equity was 200,000. During the year, assets increased by
At the beginning of the year, the assets of C Services were 360,000 and its owner's equity was 200,000.
During the year, assets increased by 120,000 and liabilities increased by
20,000. What was the owner's equity at the end of the year?
300,000
460,000
100,000
320,000
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