Determine: a. The equity of the owner in a business having ($ 145,200) of assets and owing

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Determine:

a. The equity of the owner in a business having \(\$ 145,200\) of assets and owing \(\$ 22,800\) of liabilities.

b. The liabilities of a business having \(\$ 109,200\) of assets and in which the owner has a \(\$ 77,100\) equity.

c. The assets of a business with \(\$ 9,400\) of liabilities and in which the owner has a \(\$ 47,500\) equity.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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