A business has assets of ($ 140,000) and liabilities of ($ 60,000).How much is its owners' equity?

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A business has assets of $\$ 140,000$ and liabilities of $\$ 60,000$.How much is its owners' equity? (p. 12)a. $\$ 0$b. $\$ 80,000$c. $\$ 140,000$d. $\$ 200,000$

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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Question Posted: Jun 10, 2024 01:06 AM

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A business has assets of ($ 140,000) and liabilities of ($ 60,000).How much is its owners' equity?

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Financial Accounting

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