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What is the amount of owner equity

Assignment Help Accounting Basics
Reference no: EM132768501

Questions -

Q1. What is an asset?

A. Dividends

B. Capital stock

C. Inventory

D. Retained earnings

Q2. A company ended the year with assets of $150,000 and liabilities of $90,000. What is the amount of owner's equity at the end of the year?

A. $300,000

B. $90,000

C. $150,000

D. $60,000

Reference no: EM132768501

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