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If the total assets of a business are $ 1 0 7 , 0 0 0 and its liabilities are $ 7 5 , 0
If the total assets of a business are $ and its liabilities are $ which of the following statements is correct? Question Answer a The owners' equity is $ b The net income for the period is $ c The current assets are worth $ d The owners' equity equals $
If the total assets of a business are $ and its liabilities are $ which of the following statements is correct?
Question Answer
a
The owners' equity is $
b
The net income for the period is $
c
The current assets are worth $
d
The owners' equity equals $
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