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    Fundamental Accounting Principles Study Set 7
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    If Assets Are $175,000 and Equity Is $47,000, Then Liabilities
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If Assets Are $175,000 and Equity Is $47,000, Then Liabilities

Question 186

Question 186

Multiple Choice

If assets are $175,000 and equity is $47,000, then liabilities equal


A) $175,000.
B) $128,000.
C) $47,000.
D) $222,000.
E) $204,000.

Correct Answer:

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