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butalik [34]
3 years ago
11

If total liabilities are 1,000 and total assets are 8000 owner's e q u i t y must be

Mathematics
1 answer:
olga_2 [115]3 years ago
5 0
Total equity is equal to assets - liabilities.

Therefore,

8000 - 1000 = 7000

The owner's equity is $7,000.
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3 years ago
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