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    College Accounting Study Set 2
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    Exam 1: Accounting Concepts and Procedures
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    If Total Assets Are $68,000 and Total Capital Is $30,000
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If Total Assets Are $68,000 and Total Capital Is $30,000

Question 46

Question 46

Multiple Choice

If Total Assets are $68,000 and Total Capital is $30,000, Liabilities must equal:


A) $38,000.
B) $30,000.
C) $98,000.
D) $68,000.

Correct Answer:

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