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    Mzkishalewis's Avatar
    Mzkishalewis Posts: 1, Reputation: 1
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    #1

    Nov 28, 2011, 11:25 AM
    Bob Auto Repairs, Inc. started 2012 with total assets of $19,000 and total liabiliti
    Bob Auto Repairs, Inc. started 2012 with total assets of $19,000 and total liabilities
    Of $9,000. At the end of 2012, Bob's total assets stood at $27,000, and total liabilities
    Were $13,000.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Nov 28, 2011, 01:52 PM
    So what is your question?
    Equity = Assets - Liabilities
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