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Calculate the income during the period

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Question - Assets and liabilities at the beginning of the period were $100,000 and $60,000, respectively. Assets and liabilities at the end of the period were $175,000 and $105,000, respectively. Withdrawals by the owner during the period were $15,000 and there was no investment by the owner during the period. Calculate the income during the period?

Reference no: EM132638121

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