A business has assets of $1,000,000 and liabilities of $600,000. What is the amount of owners equity

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A business has assets of $1,000,000 and liabilities of $600,000. What is the amount of owners’ equity in this business?

a. $400,000

b. $1,400,000

c. $600,000

d. $1,600,000

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 30, 2018 12:22 AM

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A business has assets of $1,000,000 and liabilities of $600,000. What is the amount of owners equity

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Managerial Accounting for the Hospitality Industry

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