Whatever assets remain after the liabilities are taken into account will be claimed by the equity investors.

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Whatever assets remain after the liabilities are taken into account will be claimed by the equity investors. Consider the case of an entity whose assets total $13,500, and whose liabilities total $4,500. Its equity must be $ ____________.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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