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Posted on May 31, 2024

Rewind Co has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is: $223,000.

Rewind Co has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is:
1. $223,000.
2. $240,000.
3. $268,000.
4. $274,000.
5. $208,000.

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