a. Total assets of Caldwell Company equal $40,000 and its equity is $10,000. What is the amount
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a. Total assets of Caldwell Company equal $40,000 and its equity is $10,000. What is the amount of its liabilities?
b. Total assets of Waterworld equal $55,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?
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Assets Liabilities Equity 40000 a 300...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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