Jaay1482 Jaay1482
  • 19-02-2020
  • Business
contestada

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

Respuesta :

mukluk mukluk
  • 20-02-2020

False

Explanation:

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

So Total Assetsn will be 300000+300000= 600000

Answer Link

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