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Determine the accounting equation

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Question - Blackfly Ltd. is a company that specializes in reforestation. The company has cash assets of $80,000 and liabilities of $30,000. Blackfly Ltd. pays off the $30,000 of debt. Blackfly Ltd. borrows another $30,000 and uses the money to buy baby trees. At this point, determine the accounting equation?

Reference no: EM132639507

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