If equity is $420,000 and liabilities are $200,000, then assets equal: Multiple Choice $420,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If equity is $420,000 and liabilities are $200,000, then assets equal:
Multiple Choice
$420,000.
$620,000.
$200,000.
$220,000.
$1,040,000.
Transcribed Image Text:If equity is $420,000 and liabilities are $200,000, then assets equal: Multiple Choice $420,000. $620,000. $200,000. $220,000. $1,040,000.
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