If total liabilities are $20,000 and owner's equity is $32,000, the total assets must be:

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If total liabilities are $20,000 and owner's equity is $32,000, the total assets must be:

If total liabilities are $20,000 and owner's equity is $32,000, the total assets must be:
A) $52,000.
B) $15,000.
C) $8,000.
D) $12,000.

Textbook

College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

Read 94 times

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majestico Author

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7 years ago

Thanks for attempting to answer. You were correct in your response!

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Augustis

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6 years ago

Happy to help Slight Smile

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