can you help me with accounting answer? If total assets equal $825,000 and total liabilities equal $495,000,then total owners' equity must equal:A. $1,320,000B. $330,000C. Cannot be determined from the information givenD. $495,000

Step 1: Define Owner's EquityOwner's equity represents the residual interest in the assets of a…

Answered: If total assets equal $825,000 and…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....

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If total assets equal $825,000 and total liabilities equal $495,000, then total owners' equity must equal: A. $1,320,000 B. $330,000 C. Cannot be determined from the information given D. $495,000