If total assets are ($20,000) and total liabilities are ($12,000), the amount of stockholders equity is: A.

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If total assets are $$20,000$ and total liabilities are $$12,000$, the amount of stockholders’ equity is:

A. $32,000.

B. ($32,000).

C. ($8,000).

D. $8,000.

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Survey Of Accounting

ISBN: 9780538478144

4th Edition

Authors: Carl S. Warren

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Question Posted: May 23, 2024 10:03 AM

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If total assets are ($20,000) and total liabilities are ($12,000), the amount of stockholders equity is: A.

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D The accounting equation is Assets Liab...View the full answer

Survey Of Accounting

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