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[c018a]

Company X begun the year with assets of $100,000 and liabilities of $85,000. Company X had a net loss of $20,000 at year-end. What was the share holders equity at the end of the year?

 

[ManagingPayables]

Hi

You should find your answer if you work with the basic accounting equation (Assets = Liabilities + Owner's Equity).
Owner's equity = ...

Regards

Managingpayables

 

[decimasoftware1]

Hii...
Nice dicussion...