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Using the accounting equation, what are the liabilities if assets are 40,000 and owners equity is 20,000? Select one: a. -$20,000 b. $40,000 c. -$40,000
Using the accounting equation, what are the liabilities if assets are 40,000 and owners equity is 20,000?
Select one:
a. -$20,000
b. $40,000
c. -$40,000
d. $20,000
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