# Accounting

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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

• Accounting -

Assets = Liabilities + Shareholders' Equity

Liabilities=assests-equity
you are correct.

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