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Consider the following independent situations a. If the assets of a business are $125,000 and the liabilites total $70,000, how much is the owner's equity?
Consider the following independent situations a. If the assets of a business are $125,000 and the liabilites total $70,000, how much is the owner's equity? b. If the owner's equity in a business is $100,000 and the liablities are $55,000, how much are the assets
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