At the end of the current year, the owners' equity in Durante Co. is $366,000....
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Accounting
At the end of the current year, the owners' equity in Durante Co. is $366,000. During the year, the assets of the business had increased by $74,000 and the liabilities had increased by $121,000. Owners' equity at the beginning of the year must have been:
$413,000.
$319,000.
$561,000.
$171,000.
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