Question
A company's balance sheet shows: cash $30,000, accounts receivable $20,000, office equipment $54,000, and accounts payable $21,000. What is the amount of owner's equity?
A company's balance sheet shows: cash $30,000, accounts receivable $20,000, office equipment $54,000, and accounts payable $21,000. What is the amount of owner's equity?
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Financial Accounting
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
6th Canadian edition
134564146, 978-0134141091, 134141091, 978-0134564142
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