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Consider the following independent situations: a. If the assets of a business are $110,000 and...

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Accounting

Consider the following independent situations: a. If the assets of a business are $110,000 and the liabilities total $75000, how much is the owner's equity? b. If the owner's equity in a business is $90000 and the liabilities are $45000, how much are the assets? Question content area bottom Part 1 a. The owner's equity is

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