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    Accounting Business Reporting Study Set 1
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    Exam 4: Business Transactions
  5. Question
    If Total Claims Equal $950 000 and Equity Is $460
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If Total Claims Equal $950 000 and Equity Is $460

Question 1

Question 1

Multiple Choice

If total claims equal $950 000 and equity is $460 000,assets must be:


A) $590 000
B) $490 000
C) $950 000
D) $460 000

Correct Answer:

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