(1) If the assets of a business are $380,000 and the liabilities are $120,000, how much...
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(1) If the assets of a business are $380,000 and the liabilities are $120,000, how much is the equity? In order to calculate the equity, we must use the accounting equation. Begin by determining the accounting equation, then solve for the equity. = Equity II (1) If the assets of a business are $380,000 and the liabilities are $120,000, how much is the equity? In order to calculate the equity, we must use the accounting equation. Begin by determining the accounting equation, then solve for the equity. = Equity II
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