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What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000? $40,000 $2,000 $30,000 $10,000
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What are the company’s assets if the liabilities are $10,000 and the owner’s equity is $20,000?

$40,000


$2,000


$30,000


$10,000

User Iboboboru
by
5.1k points

2 Answers

2 votes
His equity is $20,000 but he owes $10,000 in liability. So if he paid that off his assets would be $10,000.
$10,000 is your answer
User Nicolas Mommaerts
by
4.8k points
3 votes

Answer:

$30,000

hope this helps! good luck!

User Hernani Fernandes
by
4.9k points
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