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Metropolitan Casting Services started the year with total assets of $130,000 and total liabilities of $60,000.The company is a sole proprietorship.The revenues and the expenses for the year amounted to $130,000 and $50,000,respectively.During the year,there were no new capital contributions and the owner withdrew $60,000.Calculate the amount of increase or decrease in owner's equity for the year.
Sperm
Male reproductive cells capable of fertilizing a female ovum to result in pregnancy.
Reproductive Tract
The series of organs within an organism that work together for the purpose of reproduction.
Trimester
One of three divisions into which the duration of pregnancy is often divided, each lasting approximately three months.
Fetus
An unborn offspring in its later stages of development, especially after it has assumed the recognizable form of its species.
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