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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 2: Analyzing Business Transactions
  5. Question
    If Assets Are $8,000 and Liabilities Are $2,000, Owner's Equity
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If Assets Are $8,000 and Liabilities Are $2,000, Owner's Equity

Question 11

Question 11

True/False

If assets are $8,000 and liabilities are $2,000, owner's equity is $10,000.

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