=If Liabilities Equity AED 80,000, then AssetsA. AED 210,000B. AED 90,000C. AED 150,000D. AED 160,000

Hello student! A business' assets may come from either liabilities or equity. This is represented by…

Answered: = If Liabilities Equity AED 80,000,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets NashAuto Supplies Balance Sheet December 31, 2021 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Common Stock Retained Earnings $ 39000 80000 99000 142000 182000 251000 $197000 (65000) 132000 142000 $1067000 Equity of liabilitior to ho clarified as current liabilities is Total Liabilities and Stockholders $397000 332000 $ 129000 54000 155000 338000 729000 $1067000

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= If Liabilities Equity AED 80,000, then Assets A. AED 210,000 B. AED 90,000 C. AED 150,000 D. AED 160,000