4. Acme Company had equity of $55,000 at the end of the current year. During...
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4. Acme Company had equity of $55,000 at the end of the current year. During the year the company had a $2,000 net loss and investments by owners in exchange for stock of $7,000. Compute equity as of the beginning of the year. A. $5,000 B. $46,000 C. $50,000 D. $52,000 E. $64,000
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