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the owners equity at the beggining of the period was 55,000 at the end of the period assets were 200,000 and the liabilities were 89,000.
the owners equity at the beggining of the period was 55,000 at the end of the period assets were 200,000 and the liabilities were 89,000. If the owner made no additional investments or withdrawals during that period did the business incur a net income or a net loss for the period
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