If the owner's equity in a business is ($ 70,000) and the liabilities are ($ 35,000), how

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If the owner's equity in a business is $\$ 70,000$ and the liabilities are $\$ 35,000$, how much are the assets?

a. $\$ 35,000$

b. $\$ 70,000$

c. $\$ 105,000$

d. $\$ 45,000$

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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Question Posted: May 08, 2024 12:00 PM

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If the owner's equity in a business is ($ 70,000) and the liabilities are ($ 35,000), how

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Horngrens Accounting Volume 1

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