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Sawaddee Enterprises Began the Year with Total Assets of $450,000

Question 195

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets increased by $80,000 and its total liabilities increased by $57,000 during the year,what is the amount of Sawaddee's owners' equity at the end of the year?


A) $197,000
B) $543,000
C) $243,000
D) $220,000

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