If assets increased by 10000 and liabilities decreased by


Question - At the beginning of the year Turpin Industries had liabilities of $44,000 and owner's equity of $66,000. If assets increased by $10,000 and liabilities decreased by $5,000, what was the owner's equity at the end of the year?

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Accounting Basics: If assets increased by 10000 and liabilities decreased by
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