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5.6 An entity has total assets measured at $170 000 on the balance sheet. The entitys liabilities total $100 000, of which $40 000 is

5.6 An entity has total assets measured at $170 000 on the balance sheet. The entitys liabilities total $100 000, of which $40 000 is a bank loan. Calculate the entitys net assets. Discuss the entitys financing decision.

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