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Accounting homework help
lucybell12
Jan 13, 2013, 08:35 PM
The total assets of the Jones Company are $190,000 and its owner's equity is $91,000. What is the amount of the company's total liabilities?
paraclete
Jan 13, 2013, 09:48 PM
this simple equation is well known and found in text books. Assets minus liabilities equals equity