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    Financial Accounting Study Set 19
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    Exam 1: A Framework for Financial Accounting
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    If Total Liabilities of a Company Equal $16,000 and Total
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If Total Liabilities of a Company Equal $16,000 and Total

Question 124

Question 124

True/False

If total liabilities of a company equal $16,000 and total stockholders' equity equals $9,000,then total assets equal $7,000.Total assets = Total liabilities ($16,000)+ Total stockholders' equity ($9,000)= $25,000.

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