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Total Assets
ktwyman
Jun 13, 2008, 06:55 PM
If the owners is 150,000 and the total liabilities is 90,000 what would be the total assests?
morgaine300
Jun 13, 2008, 11:21 PM
This is based on your accounting equation:
Assets = Liabilities + Equity
And you really, really need to memorize this equation.