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Consider the following independent situations: If the assets of a business are $90,000 and the liabilities total $75,000, how much is the owner's equity? If
Consider the following independent situations:
- If the assets of a business are $90,000 and the liabilities total $75,000, how much is the owner's equity?
- If the owner's equity in a business is $80,000 and the liabilities are $55,000, how much are the assets?
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