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What is Bruce owners equity

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Reference no: EM132453132

Problem - Bruce operates a coffee stall at the university. On 30 June 2016, he has $400 in his business bank account, the stall and equipment are worth $5200, ingredients on hand cost $60 and paper cups cost $10. Students owe him $120 and he owes his suppliers $370. He also owes his mother $4100, which enabled him to get started. What is Bruce's owners' equity?

Reference no: EM132453132

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