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If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?

If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19MC: Owners equity represents which of the following? A. the amount of funding the company has from...
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If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?
Transcribed Image Text:If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?
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