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Nicolette's company owns $1,000,000 in property but owes $895,000. If liabilities are deducted from assets to determine equity, what is the company's total equity? Question
Nicolette's company owns $1,000,000 in property but owes $895,000. If liabilities are deducted from assets to determine equity, what is the company's total equity? Question 15 options: 1) $1,895,000 2) $105,000 3) -$1,895,000 4) $105,000
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