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Could you answer these, please? Thank you. 7. The liabilities of QRS Company are 90,000. Owner's capital is 150,000; drawings are 40,000; revenues, 450,000; and
Could you answer these, please? Thank you.
7. The liabilities of QRS Company are 90,000. Owner's capital is 150,000; drawings are 40,000; revenues, 450,000; and expenses, 320,000. What is the amount of QRS Company's total assets? 8. The total assets of HIJ Company are 57,000. Owner's capital is 25,000; drawings are 7,000; revenues, 52,000; and expenses, 35,000. What is the amount of the company's total liabilities? 9. The total assets of KLM Co. are 600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of KLM Co.'s owner's equityStep by Step Solution
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