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Explanation of what accounts could be found in owners equity

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Question - The Accounting Equation is used to develop the organization's financial reports.

(1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation and

(2) Provide an explanation of what accounts could be found in owners' equity.

Reference no: EM131581593

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