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    Fundamental Accounting Principles
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    Exam 1: Accounting in Business
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    If Assets Are $144,000 and Liabilities Are $37,000, Then Equity
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If Assets Are $144,000 and Liabilities Are $37,000, Then Equity

Question 70

Question 70

Multiple Choice

If assets are $144,000 and liabilities are $37,000, then equity equals


A) $37,000
B) $74,000
C) $107,000
D) $144,000
E) $181,000

Correct Answer:

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