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The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000 at the end of the year. The owner
The owner's equity in a business amounted to $52,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to
a). $81,000
b). $67,000
c). $48,000
d). $171,000
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