Compute the missing amount in the following table for Ocean View Enterprises: Assets Liabilities Owners' Equity $850,000 $480,000 ?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Compute the missing amount in the following table for Oceanview Enterprises on these general accounting question

Compute the missing amount in the following table for Ocean View
Enterprises:
Assets
Liabilities
Owners' Equity
$850,000 $480,000
?
Transcribed Image Text:Compute the missing amount in the following table for Ocean View Enterprises: Assets Liabilities Owners' Equity $850,000 $480,000 ?
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