How much were the companies liabilities? At the end of an accounting period, a company'stotal assets equaled $505,000, and owner's equityequaled $230,000. How much were the company'sliabilities?liabilities = [?]Round to te nearest hundredth.national Academy of Science. All Rights Reserved.MhpEnter

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Description: How much were the companies liabilities? At the end of an accounting period, a company'stotal assets equaled $505,000, and owner's equityequaled $230,000. How much were the company'sliabilities?liabilities = [?]Round to te nearest hundredth.national

The Basic Accounting Equation Total Assets = Owner's Equity + Liabilities

Answered: How much were the companies…

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Finance

How much were the companies liabilities?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.1.2P: Income statement, retained earnings statement, and balance sheet The amounts of the assets and...

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