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What is the amount of larkspur shareholders equity

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Question 1: The total assets of Kingbird Limited are $120,000. Its share capital is $40,000 and its retained earnings are $20,000. What is the amount of Its total liabilities?

Question 2: The total assets of Larkspur Inc. are $400,000 and its liabilities are equal to half its total assets. What is the amount of Larkspur's shareholders' equity?

 

Reference no: EM132992250

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