During the year assets decreased by 147000 and liabilities
Question - On January 1, the Youngstown Partnership had assets of $281,000 and owner's equity of $103,000. During the year, assets decreased by $147,000 and liabilities increased by $152,000. What was the amount of liabilities on December 31?
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question - on january 1 the youngstown partnership had assets of 281000 and owners equity of 103000 during the year
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