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During the current year, the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000. If the equity in the business is
During the current year, the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000. If the equity in the business is $475,000 at the end of the year, the equity at the beginning of the year must have been:
Select one:
a. $665,000.
b. $335,000.
c. $285,000.
d. $615,000.
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