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-What is the accounting equation? Briefly explain each of the three parts. Question 2: -Kenmore Services has total assets for the year of $16,400 and

-What is the accounting equation? Briefly explain each of the three parts. Question 2: -Kenmore Services has total assets for the year of $16,400 and total liabilities of $8,060. Requirements 1. Use the accounting equation to solve for equity

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