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Question - The Stay Healthy Medical Clinic's Balance sheet on December 31, 2014 showed an owner's equity of 1,280,000. The December 31, 2015 balance sheet showed an owner's equity of 1,520,000. During the year, the owner withdrew 210,000 for personal use. What is the net income or net loss for the year 2015? Present the owner's equity statement for year ended December 31, 2015.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91947361

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