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    Exam 1: Introduction to Accounting and Business
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    Krammer Company Has Liabilities Equal to One-Fourth of the Total
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Krammer Company Has Liabilities Equal to One-Fourth of the Total

Question 203

Question 203

Essay

Krammer Company has liabilities equal to one-fourth of the total assets. Krammer's owner's equity is $45,000. Using the accounting equation, what is the amount of liabilities for Krammer?

Correct Answer:

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Assets = Liabilities...

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