Question
Twenty percent of the total assets of Kochanowsky Corporation have been financed through borrowing. The total liabilities of the company are $440,000. What is the
Twenty percent of the total assets of Kochanowsky Corporation have been financed through borrowing. The total liabilities of the company are $440,000. What is the amount of total owners' equity?
$88,000
$2,200,000
$1,760,000
$2,640,000
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Standards On Auditing For Ca Students
Authors: Anshul Mittal
1st Edition
8182964962, 978-8182964969
