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  • Jan 13, 2013, 08:35 PM
    lucybell12
    Accounting homework help
    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?
  • Jan 13, 2013, 09:48 PM
    paraclete
    this simple equation is well known and found in text books. Assets minus liabilities equals equity

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