Question 32 (1 point) Total assets and total liabilities were $31,000 and $26,000 respectively at the beginning of the period. Assets increased by 20% and liabilities increased by 10% during the period. What is the owner's equity at the end of the period? 1) $8,600 2) $65,800 3) $290 4) $5,000 Om

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Question 32 (1 point) Total assets and total liabilities were $31,000 and $26,000 respectively at the beginning of the period. Assets increased by 20% and

Question 32 (1 point) Total assets and total liabilities were $31,000 and $26,000 respectively at the beginning of the period. Assets increased by 20% and liabilities increased by 10% during the period. What is the owner's equity at the end of the period? 1) $8,600 2) $65,800 3) $290 4) $5,000 Om

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