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During the current year, the assets of Quality Stairs increased by $184,000 and the liabilities decreased by $24,000. If the owners' equity in the business
During the current year, the assets of Quality Stairs increased by $184,000 and the liabilities decreased by $24,000. If the owners' equity in the business is $484,000 at the end of the year, the owners' equity at the beginning of the year must have been:
$644,000.
$276,000.
$692,000.
$324,000.
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