Question
If I have Total assets = $30,985,500 and Total liabilities $21,682,350. This would indicate Total liabilities of $9,303,150. I am provided with Gross equity figure
If I have Total assets = $30,985,500 and Total liabilities $21,682,350. This would indicate Total liabilities of $9,303,150.
I am provided with Gross equity figure of $36,088,100. What would account for the difference in gross equity and total equity?
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
