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If total liabilities are $18,000 and owner's equity is $21,000, the total assets must be a) $5,000 b) $39,000 c) $17,000 d) $20,000

If total liabilities are $18,000 and owner's equity is $21,000, the total assets must be a) $5,000 b) $39,000 c) $17,000 d) $20,000
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2 votes
If total liabilities are $18,000 and owner's equity is $21,000, the total assets must be

a) $5,000
b) $39,000
c) $17,000
d) $20,000

User Fahrradflucht
by
8.6k points

2 Answers

6 votes
the answer is B. hope this helps
User Justin MacArthur
by
8.1k points
3 votes
The answer to your question is B. $39,000
User Christopher Lawless
by
7.9k points
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