How much is the owners equity

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Reference no: EM13744733

1) If the assets of a business are $240,000 and the liabilities are $80,000, how much is the owners’ equity?

2) If the owners’ equity in a business is $160,000 and the liabilities are $130,000, how much are the assets?

3) A company reported monthly revenues of $129,000 and expenses of $85,000. What is the result of operations for the month?

Reference no: EM13744733

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