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stranahan stranahan
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7 years ago
Total liabilities are $100,000 and total owners' equity is $200,000. What are total assets?
A) $100,000
B) We need to know retained earnings before we can compute total assets.
C) We need more information on current and long-term assets before we can compute total assets.
D) $300,000
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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monkfuzzymonkfuzzy
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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