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In year 2016, your opening net worth was $14,000 and total capital items was $7,000. Your personal income statement for 2016 showed a deficit of
In year 2016, your opening net worth was $14,000 and total capital items was $7,000. Your personal income statement for 2016 showed a deficit of $3,000. What is your net worth as at December 31, 2016?
a.
18000
b.
21000
c.
24000
d.
17000
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