At the beginning of the year, the total owner's equity of Cutting Edge Technologies Company...

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At the beginning of the year, the total owner's equity of Cutting Edge Technologies Company was $70,000. The revenues and expenses were $90,000 and $30,000, respectively. The owner made no additional investments and no withdrawals during the year. The total owner's equity at the end of the year will be $120,000 True False

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