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gregori [183]
1 year ago
15

The equity of alliance company is and the total liabilities are . the total assets are ________.

Business
1 answer:
ludmilkaskok [199]1 year ago
5 0

The equity of Alliance Company is $160,000 and the total liabilities are $80,000. The total assets are​ $2,40,000.

According to the accounting equation:

ASSETS= EQUITY+LIABILITIES

ASSETS= 1,60,000+80,000

ASSETS= $2,40,000

The total assets are​ $2,40,000.

Complete Question: The equity of Alliance Company is $160,000 and the total liabilities are $80,000.

#SPJ4

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As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.

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