Question: a). Use your own example to explain the accounting equation. b). Explain how to determine the total value of a businesss assets when you know

a). Use your own example to explain the accounting equation.

b). Explain how to determine the total value of a business’s assets when you know the values for the liabilities and equity.

c). Explain how to determine the value of a business’s liabilities when you know the value of the businesses assets and their equity.

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