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Law Incorporation [45]
3 years ago
8

1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *

Business
2 answers:
Eddi Din [679]3 years ago
7 0

Answer:

The owner's equity is $900

Explanation:

Because an asset takes money from your pocket and liability puts money in your pocket.

VladimirAG [237]3 years ago
3 0
You subtract assets and liabilities to get the owner’s equity and so the answer is $4700

5600-900=4700
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