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bezimeni [28]
3 years ago
14

What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000?

Business
2 answers:
gizmo_the_mogwai [7]3 years ago
7 0

Answer:

$30,000

hope this helps! good luck!

labwork [276]3 years ago
4 0
His equity is $20,000 but he owes $10,000 in liability. So if he paid that off his assets would be $10,000.
$10,000 is your answer
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Answer: Option C

Explanation:

A. As per the general principles of accounting expenses are recorded on the debit side thus they are increases when debit transaction is made.

B. Transactions involving liabilities are recorded on credit side of the accounts.

C. Revenues are recorded on credit side of the transactions thus revenues increased when accounts are credited.

D. Transactions involving purchase of assets are recorded on debit side thus debit transactions increases debits.

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3 years ago
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Answer:

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8 0
3 years ago
Why should the client's legal expenses be examined?
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7 0
3 years ago
Brandon, a manager at fairpro technologies corp., is required to provide individual performance feedback to his subordinates. in
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7 0
3 years ago
Determine the price in period 1 (the future) if 30 units of oil are consumed in period 0 (the present).
Dovator [93]

Answer:

$16.50

Explanation:

Note: The complete question is attached as picture below

We know that there is a total of 90 units of oil and 30 units is consumed in period 0.

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8 0
2 years ago
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