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Accounting

At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased $74 and liabilities decreased $38.

Owners' equity at the end of the year totaled:

a) $836

b) $872

c) $948

d) $1,438

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Accounting Basics, Accounting

Category:- Accounting Basics
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