34. The total assets of a company are $2,400,000, and the company's owners' equity is three times as large as its total liabilities. Determine the amount of this company's Equity? (Please do NOT put "$" or "," in you answer. Just put the exact number. For example, if your answer is $12,345; put 12345.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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34. The total assets of a company are $2,400,000, and the
company's owners' equity is three times as large as its total
liabilities. Determine the amount of this company's Equity? (Please
do NOT put "$" or "," in you answer. Just put the exact number. For
example, if your answer is $12,345; put 12345.)
Transcribed Image Text:34. The total assets of a company are $2,400,000, and the company's owners' equity is three times as large as its total liabilities. Determine the amount of this company's Equity? (Please do NOT put "$" or "," in you answer. Just put the exact number. For example, if your answer is $12,345; put 12345.)
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