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The balance sheet for Rema LLC shows assets totaling $107,000 and liabilities totaling $75,000. Which of the following statements is correct? (2pts) Question 54 -

The balance sheet for Rema LLC shows assets totaling $107,000 and liabilities totaling $75,000. Which of the following statements is correct?

(2pts)

Question 54 - The balance sheet for Rema LLC shows assets totaling $107,000 and liabilities totaling $75,000. Which of the following statements is correct?

	Owners equity equals $182,000.
	Current assets are worth $32,000.
	Net income for the period is $32,000.
	Owners equity equals $32,000.

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