If total assets amount is N$150 000; and owner's equity/capital is three quarter (¾) of total assets, what is the amount of total liabilities? Answer:

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....
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If total assets amount is N$150 000; and owner's equity/capital is three quarter (%) of total assets, what is the
amount of total liabilities?
Answer:
Transcribed Image Text:If total assets amount is N$150 000; and owner's equity/capital is three quarter (%) of total assets, what is the amount of total liabilities? Answer:
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