Question

1. Calculate owners’ equity. Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If total liabilities are $55,800, what is the amount of owners’ equity?

Answer 1

1. Calculate owners’ equity. Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If total liabilities are $55,800, what is the amount of owners’ equity?

Step-by-step explanation:

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