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If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?

If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 5E: The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation...
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If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?
Transcribed Image Text:If a company has total assets of $500,000, and total liabilities of $150,000, what is the owner's equity?
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