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10 In a sole proprietor: Capital plus net profit plus drawings = owners' equity. Select one: O True False Equity equals to: A. Total liabilities
10 In a sole proprietor: Capital plus net profit plus drawings = owners' equity. Select one: O True False Equity equals to: A. Total liabilities plus current assets B. Current assets plus non-current assets less total liabilities. C. Capital plus drawings. D. Total assets less total liabilities Step by Step Solution
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Financial and Managerial Accounting
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
10th edition
978-1285441979, 1285441974, 978-1133626992, 1133626998, 978-1133940593
