Question: Can you solve this general accounting problem using appropriate accounting principles? At the end of the year, a company has assets of $180,000 and liabilities

Can you solve this general accounting problem using appropriate accounting principles?

At the end of the year, a company has assets of $180,000 and liabilities of $130,000. At the beginning of the year, owner's equity was $70,000. How much did the owner's equity change by the end of the year? Did it increase or decrease

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