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    Business Essentials Study Set 6
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    Exam 11: Understanding Accounting
  5. Question
    The Equity That a Homeowner Has in a House Is
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The Equity That a Homeowner Has in a House Is

Question 268

Question 268

True/False

The equity that a homeowner has in a house is the amount of money that could be made by selling the house and paying off the mortgage.This idea is like the idea of owners' equity in a business.

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