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Use the accounting equation to answer the following questions. (a1) Blue Sales Co. has total assets of $146,000 and total liabilities of $58,000. What is
Use the accounting equation to answer the following questions. (a1) Blue Sales Co. has total assets of $146,000 and total liabilities of $58,000. What is owner's equity?
Owner's equity | $ |
(a2) The Bridgeport Sun Center has total assets of $258,000 and owner's equity of $104,000. What are total liabilities?
Total liabilities | $ |
(a3) Concord River Restaurant has total liabilities of $54,000 and owner's equity of $84,000. What are total assets?
Total assets | $ |
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