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    Fundamental Financial Accounting Concepts Study Set 2
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    Exam 1: An Introduction to Accounting
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    If the Total Equity Claimed by Owners of Ping Construction
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If the Total Equity Claimed by Owners of Ping Construction

Question 43

Question 43

Short Answer

If the total equity claimed by owners of Ping Construction is $50,000 and liabilities are $25,000, what are total assets?

Correct Answer:

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$75,000
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