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    Understanding Business
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    Exam 17: Understanding Accounting and Financial Information
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    At This Point in Time, Barkatorium Pet Supplies' Balance Sheet
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At This Point in Time, Barkatorium Pet Supplies' Balance Sheet

Question 89

Question 89

True/False

At this point in time, Barkatorium Pet Supplies' balance sheet shows $100,000 in assets and $90,000 in liabilities. The company's accounting system will show the owners' equity as $190,000.

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