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Find the business income for the year is

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Reference no: EM132513601

Increase in total assets P250,000
Decrease in total liabilities 160,000
Additional investment to the business 50,000
Drawings during the year 20,000

Question 1: The business income for the year is ___________

a. 60,000 c. 430,000
b. 380,000 d. 450,000

Reference no: EM132513601

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