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    Financial Accounting Information for Decisions
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    Exam 1: Introducing Financial Accounting
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    The Assets of a Company Total $700,000; the Liabilities,$200,000
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The Assets of a Company Total $700,000; the Liabilities,$200,000

Question 142

Question 142

Multiple Choice

The assets of a company total $700,000; the liabilities,$200,000.What are the total claims of the owners?


A) $900,000
B) $700,000
C) $500,000
D) $200,000
E) It is impossible to determine unless the amount of owners' investment is known.

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