If assets are $365,000 and equity is $120,000, then liabilities are:
a. $120,000.
b. $245,000.
c. $365,000.
d. $485,000.
e. $610,000.
Answer: B
If assets are $365,000 and equity is $120,000, then liabilities are:
a. $120,000.
b. $245,000.
c. $365,000.
d. $485,000.
e. $610,000.
Answer: B
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