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3 years ago

9

A company had total liabilities of $275,000 and the owner’s equity was $1,722,000. According to the fundamental accounting equat

ion, total assets must be:

1 answer:

miskamm [114]3 years ago

8 0

Answer:

1,997,000

Explanation:

Assets = Liabilities + Owners Equity

Assets=275,0000 + 1,722,000

Assets = 1,997,000

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<em />

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