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Question 30 (1 point) Saved Which one of the following statements shown below is true? As a general accounting rule, if a company's assets exceed
Question 30 (1 point) Saved Which one of the following statements shown below is true? As a general accounting rule, if a company's assets exceed its liabilities, then owner's equity is calculated as being worth five (5) times the actual book value of the assets. Owner's equity is always equal to the net revenue as shown on the income statement. Owner's equity is the amount of money the owner(s) would receive if they sold all a company's assets and paid all its liabilities. Owner's equity is the amount of cash listed on the balance sheet. Liabilities is another term for owner's equity
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