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    Exam 17: Using Accounting and Financial Information
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    If Your Liabilities Total $448,000 and Owner's Equity Totals $1,542,000
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If Your Liabilities Total $448,000 and Owner's Equity Totals $1,542,000

Question 34

Question 34

Multiple Choice

If your liabilities total $448,000 and owner's equity totals $1,542,000, what do your assets total?


A) $946,000
B) $1,542,000
C) $1,094,000
D) $1,108,000

Correct Answer:

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