Question
A company's stockholder's Equity is one-third of its total assets. Its liabilities total $200,000. What is the amount of its total assets?
A company's stockholder's Equity is one-third of its total assets. Its liabilities total $200,000. What is the amount of its total assets?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
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