Equity consists of capital obtained from sources that are not liabilities. As Exhibit 1 indicates, there are

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Equity consists of capital obtained from sources that are not liabilities.

As Exhibit 1 indicates, there are two sources of equity capital:

(1) $13,578,000, which is labeled Total P ____________ - i _____________ C ________________ and (2) $14,662,000, which is labeled _____________________ .

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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