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According to the Accounting Equation, If Assets Equal $4000 and Liabilities

Question 118

Multiple Choice

According to the accounting equation, if assets equal $4000 and liabilities equal $1500, then owner's equity would equal

A) $5500.
B) $2500.
C) $3500.
D) $8000.
E) It is not possible to tell with the information given.

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