=+At the end of its accounting period, December 31, 2009, Youre Great has assets of $475,000 and

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=+At the end of its accounting period, December 31, 2009, You’re Great has assets of $475,000 and liabilities of $115,000.Using the accounting equation,determine the following amounts:

a. Owner’s equity, as of December 31, 2009.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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