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8 August, 13:23

You own a business that has assets of $148,000. If your equity is $55,000, what is the amount of your liabilities?

A. $203,000

B. $93,000

C. $122,000

D. $98,000

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Answers (2)
  1. 8 August, 15:04
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    B. 93,000
  2. 8 August, 15:12
    0
    B. 93,000

    $240,000 - $90,000 = $150,000

    (Assets) - (Liabilities) = (Owners' Equity)

    example apply the formula to your question
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