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If total assets equal $450,000 and total liabilities equal $350,000, what does owner's equity equal?...

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Question

Accounting

If total assets equal $450,000 and total liabilities equal $350,000, what does owner's equity equal?

-$100,000
$100,000
$450,000
$800,000

When comparing businesses financially, we generally prefer ratios over dollar values.

True

False

Answer & Explanation Solved by verified expert
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