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August 2, 2014

Homework Help: Accounting

Posted by Angela on Thursday, December 19, 2013 at 8:10pm.

A firm has $200,000 in total assets and $120,000 in owner's equity. What are the total liabilities?
A. $80,000
B. $200,000
C. $320,000
D. Cannot be determined from the information given
A

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