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Use the accounting equation to answer each of the following questions: (Round answers to the nearest whole dollar, e.g. 5,275.) (a) The liabilities of
Use the accounting equation to answer each of the following questions: (Round answers to the nearest whole dollar, e.g. 5,275.) (a) The liabilities of Pharoah Company are $124,000 and the owner's equity is $229,000. What is the amount of Pharoah Company's total assets? Total assets (b) The total assets of Sheffield Company are $182,000 and its owner's equity is $100,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Shamrock Company are $798.000 and its liabilities are equal to one half of its total assets. What is the amount of Shamrock Company's owner's equity? Owner's equity
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