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Luis Consulting Started the Year with Total Assets of $60000

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Luis Consulting started the year with total assets of $60000 and total liabilities of $17000. During the year the business recorded $48000 in consulting revenues and $36000 in expenses. Luis made an additional investment of $8000 and withdrew cash of $9000 during the year. Owner's equity changed by what amount from the beginning of the year to the end of the year?


Definitions:

Stigmatize

To brand or label something negatively, leading to discrimination or ostracization, often based on misconceptions or prejudice.

Personal Transformation

The process of significant change in a person's character, appearance, or circumstances, often fostered by products or services.

Tattoo

A form of body modification where a design is made by inserting ink, dyes, and pigments, either indelible or temporary, into the dermis layer of the skin to change the pigment.

Brand Logo

A brand logo is a graphical representation or symbol used to identify a company, product, or brand, serving as a visual trademark.

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