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Given the accounting equation, answer each of the following questions. The liabilities of Axcel Company are OMR 40,000 and the owners equity is OMR 50,000.
- Given the accounting equation, answer each of the following questions.
- The liabilities of Axcel Company are OMR 40,000 and the owners equity is OMR 50,000. What is the amount of Axcel Companys total assets?
- The total assets of a Company are OMR 90,000 and its owners equity is OMR 40,000. What is the amount of its total liabilities?
- The total assets of Aladeen Co. are OMR 80,000 and its liabilities are equal to one half of its total assets. What is the amount of Aladeen Co.s owners equity?
(Please solve by computer, not by hand)
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Systems Direct Auditing Practice Case IBM Book Workbook And 5.25 Disk
Authors: Dieter Weiss, Gaylord N. Smith
1st Edition
0538809051, 978-0538809054
