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    Exam 2: Analyzing Business Transactions
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    Total Assets of Douglas Fuhr Furniture Co
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Total Assets of Douglas Fuhr Furniture Co

Question 34

Question 34

Multiple Choice

Total assets of Douglas Fuhr Furniture Co.are $36,000 and the total liabilities are $12,000.What is the amount of the owner's equity?


A) $36,000
B) $24,000
C) $48,000
D) $6,000

Correct Answer:

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