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vovangra [49]
3 years ago
11

The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. the owner

had made no additional investments and had withdrawn $19,000 during the year. the net income for the year amounted to
Business
1 answer:
natta225 [31]3 years ago
4 0
Net income = revenue - expenses.

The revenue was $100,000 + $19,000 = $119,000
Expenses was $56,000

$119,000 - $56,000 = $63,000 


The net income is $63,000.
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