Question: 2. Use the balance sheet equation to determine ownersequity if liabilities are $5 million and assets are $10 million. Assets = Liabilities + Owners' Equity

2. Use the balance sheet equation to determine ownersequity if liabilities

2. Use the balance sheet equation to determine ownersequity if liabilities are $5 million and assets are $10 million. Assets = Liabilities + Owners' Equity $10 million = $5 million + Owners' Equity Owners' Equity = $10 million - $5 million = $5 million

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USE THE "BALANCE SHEET EQUATION" TO DETERMINE OWNERS EQUITY IF LIABILITIES ARE $5 MILLION AND ASSETS ARE $10 MILLION

use the "balance sheet equation" to determine owners" equity if liabilities are $5 million and assets are $10 million

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