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Category > Business & Finance Posted 13 Jul 2017 My Price 9.00

a. The balance sheet equation can be defined as which of the following?

1. Assets + Stockholders’ Equity = Liabilities

2. Assets + Liabilities = Stockholders’ Equity

3. Assets = Liabilities - Stockholders’ Equity

4. Assets - Liabilities = Stockholders’ Equity

5. None of the above

b. If assets are $40,000 and stockholders’ equity is $10,000, how much are liabilities?

1. $30,000

2. $50,000

3. $20,000

4. $60,000

5. $10,000

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Status NEW Posted 13 Jul 2017 04:07 PM My Price 9.00

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