If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000. B.

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If equity equals $100,000, which of the following is true?
A. Assets exceed liabilities by $100,000.
B. Liabilities exceed equity by $100,000.
C. Assets + liabilities equal $100,000.
D. None of the above is true.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 09, 2022 11:41 PM

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If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000. B.

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B Liabilities exceed equity by 100000 Assets Liabilities 100000 100 equity That is equ...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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