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22 August, 12:30

If the liabilities owed by a business total $300,000 and owner's equity is equal to $300,000, then the assets also total $300,000. True False

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  1. 22 August, 15:22
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    FalseExplanation:

    Because Total Assets - Total outsider's Liabilities + Owner's Equity

    So Total Assetsn will be 300000+300000 = 600000
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