a. Total assets of Charter Company equal $500,000 and its equity is $320,000. What is the amount

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a. Total assets of Charter Company equal $500,000 and its equity is $320,000. What is the amount of its liabilities?

b. Total assets of Golfland equal $900,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?

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