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Omega Enterprises has cash of $5,500 and other assets worth $4,300. Its liabilities total $6,200. What is the value of equity?

Omega Enterprises has cash of $5,500 and other assets worth $4,300. Its liabilities total $6,200. What is the value of equity?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 8P
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what is the value of equity? Financial Account

Omega Enterprises has cash of $5,500 and other assets worth $4,300. Its liabilities total $6,200. What is the value of equity?
Transcribed Image Text:Omega Enterprises has cash of $5,500 and other assets worth $4,300. Its liabilities total $6,200. What is the value of equity?
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