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Bob's Bowling has total assets of $110,000 and total liabilities of $24,000. At the beginning of the year, the owner's equity was $65,000. During the
Bob's Bowling has total assets of $110,000 and total liabilities of $24,000. At the beginning of the year, the owner's equity was $65,000. During the year, Bob, the owner, withdrew $6,000. Based on this information, how much profit did Bob's Bowling generate for the year? Question 5 options: $27,000 $21,000 $15,000 $86,000
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