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The total assets of EFG Corporation on January 1, 2024, were $1,200,000. If the liabilities increased by 20% during the year and owner's equity decreased
ยท The total assets of EFG Corporation on January 1, 2024, were $1,200,000. If the liabilities increased by 20% during the year and owner's equity decreased by $100,000, what are the total assets at the end of the year?
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