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Pam's Candy Co. has assets of $49,200 and liabilities of $28,200. What is the amount of equity? What is the amount of net assets?

Pam's Candy Co. has assets of $49,200 and liabilities of $28,200. What is the amount of equity? What is the amount of net assets?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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What is the amount of net assets on these general accounting question?

Pam's Candy Co. has assets of $49,200 and liabilities of $28,200. What is the amount of equity? What is the amount of net assets?
Transcribed Image Text:Pam's Candy Co. has assets of $49,200 and liabilities of $28,200. What is the amount of equity? What is the amount of net assets?
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