Question: The basic accounting equation is Assets = Liabilities + Shareholders Equity. Replacing words with dollar amounts, what is The North West Companys accounting equation at

The basic accounting equation is Assets = Liabilities + Shareholders’ Equity. Replacing words with dollar amounts, what is The North West Company’s accounting equation at January 31, 2019? North West’s simplified financial statements can be found in Illustration 1.15 in this chapter.

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