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At the Beginning of the Year,Shannon Company's Assets Were $150,000

Question 134

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At the beginning of the year,Shannon Company's assets were $150,000 and its owner's equity was $100,000.During the year,assets decreased $30,000 and liabilities increased $15,000.What was the owner's equity at the end of the year?

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[($150,000 - $30,000...

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