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    Exam 2: Analyzing Business Transactions
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    Total Assets of Douglas Fuhr Furniture Co
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Total Assets of Douglas Fuhr Furniture Co

Question 17

Question 17

Multiple Choice

Total assets of Douglas Fuhr Furniture Co. are $84,000 and the total liabilities are $37,000. What is the amount of the owner's equity?


A) $47,000
B) $121,000
C) $84,000
D) $6,000

Correct Answer:

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