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If the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the alf the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the assots2scots2

If the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the alf the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the assots2scots2

FINANCIAL ACCOUNTING
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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If the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the alf the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the assets?ssets?
Transcribed Image Text:If the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the alf the owner's equity in a business entity is $70,000 and the liabilities are $35,000, how much are the assets?ssets?
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