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Question - Suppose Hunt Equipment has receivables of $65,000, furniture totalling $205,000 and cash of $52,000. The business has a $109,000 bill payable and owes $81,000 on account. How much is Hunt's owners' equity?
a. $58,000
b. $28,000
c. $322,000
d. $190,000
e. $132,000
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