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2. Use the balance sheet equation to determine ownersequity if liabilities are $5 million and assets are $10 million. Assets = Liabilities + Owners' Equity

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2. Use the balance sheet equation to determine ownersequity if liabilities are $5 million and assets are $10 million. Assets = Liabilities + Owners' Equity $10 million = $5 million + Owners' Equity Owners' Equity = $10 million - $5 million = $5 million

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