Question: Time left 0 : 4 2 : 3 4 If assets and liabilities at the start of the period are, respectively, $ 1 2 0

Time left 0:42:34
If assets and liabilities at the start of the period are, respectively, $120,000 and $65,000, income for the period equals $20,000 and expenses equal $11,000 what is equity at the end of the period? Assume these are the only changes in equity for the period.
Answer:
 Time left 0:42:34 If assets and liabilities at the start of

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