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total assets of Douglas Fuhr Furniture Co. are $30,000 and the total liabilities are $9,000. What...

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?

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Answer #1

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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