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Learning ACLIVILY UD 1. Identify each of the following items by writing one of the words - ASSET, LIABILITY, or OWNER'S EQUITY - in the space provided. a. A truck which the business owns b. A bank loan c. A building d. A mortgage e. Office supplies f. Assets minus liabilities g. A debt to a finance company - h. Someone owes our company money i. Our company owes someone money j. Cash on hand k. Equipment 1. The difference between total assets and total liabilities