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Please help me with these questions. Need help explaining, will vote! 1. What are the three major reasons that owner equity changes? (3 points) 2.

Please help me with these questions. Need help explaining, will vote!

1. What are the three major reasons that owner equity changes? (3 points) 2. Define profit. (2 points) 3. What is the difference between Net Farm Income (NFI) and Net Farm Income from Operations (NFIO)? Why is this distinction important? (4 points)

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