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I have a homework problem that I am confused on. It says:
Its net income for Sept 1 through Sept 30 was $20,000 and there were no investments by the owners or dividends paid.
So in that case would that $20,000 be the equity?
Its net income for Sept 1 through Sept 30 was $20,000 and there were no investments by the owners or dividends paid.
So in that case would that $20,000 be the equity?