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A firm has premises of 20,000, equipment of 5,000, cash of 1,700 and a bank loan of 9,850. What is the owners equity? 36,550 16,850

A firm has premises of 20,000, equipment of 5,000, cash of 1,700 and a bank loan of 9,850.

What is the owners equity?

36,550
16,850
9,850
Cannot be determined using the information provided.

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