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Cerrato Company Has Assets of $350,000,liabilities of $130,000,and Retained Earnings

Question 166

Multiple Choice

Cerrato Company has assets of $350,000,liabilities of $130,000,and retained earnings of $180,000.How much is total owners' equity?

A) $40,000
B) $170,000
C) $220,000
D) $350,000

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