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Mr. Rico B is a farm owner and his business has total assets, total liabilities,...

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Accounting

Mr. Rico B is a farm owner and his business has total assets, total liabilities, and total equity of 50,000 pesos, 30,000 pesos, and 20,000, respectively, at the beginning of the period. During the period, total liabilities decreased by 15,000 pesos. The business reported a profit of 40,000 pesos for the period. How much are Mr. Rico Bs ending total assets?

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