What is the owners equity, Business Management

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What is the owners equity

Problem

A company was started last year when the shareholders invested $70,000 into it. At that time, the company also borrower $100,000 cash from a local bank. The company used $140,000 cash to purchase inventory. This year the company sold all the inventory for $95,000. What is the owner's equity?

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Business Management: What is the owners equity

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Business Management: What is the owners equity

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