What terminology will be used on the balance sheet

Reference no: EM133654901

Question: Dr. Solop and Dr. Juang are partners who own Just Right Pharmacy, which is a pharmaceutical company with economical prices. At the end of the year, their total assets are $600,000 and their total liabilities are $320,000. Based on the legal structure of the company, what terminology will be used on the balance sheet?

Reference no: EM133654901

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