total assets of Douglas Fuhr Furniture Co. are $30,000 and the total liabilities are $9,000. What is the amount of the owner's equity?
Solution :-
| Particulars | Amount |
| Total assets | $30,000 |
| Total liabilities | $9,000 |
| Amount of the owner's equity |
= $30,000 - $9,000 = $21,000 |
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