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On February 1, 2024, LMN Corp.'s total assets were $900,000, and its liabilities amounted to $400,000. Calculate the owner's equity. Also, if the owner's equity

ยท On February 1, 2024, LMN Corp.'s total assets were $900,000, and its liabilities amounted to $400,000. Calculate the owner's equity. Also, if the owner's equity increased by $100,000 during the year, what are the total assets at the end of the year?

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