E1 28B (Learning Objectives 2, 3 Using the accounting equation evaluating business operations) Compute the missing amount in the accounting equation for each company (amounts in thousands) Which company appears to have the strongest financial position Explain your reasoning Assets Liabilities Owners' Equity Delta video rentals $ 5 9 $19 Echo entertainment 35 5 Portal gifts and cards 33 16

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Question: E1-28B. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company (amounts in

E1-28B. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company

(amounts in thousands)

Assets Liabilities Owners' Equity Delta video rentals $? 5.9 $19 Echo entertainment

Which company appears to have the strongest financial position? Explain your reasoning.

Assets Liabilities Owners' Equity Delta video rentals $? 5.9 $19 Echo entertainment 35 5 Portal gifts and cards 33 16 ?

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