A FOOD company only has cash and a land worth 500,000$ as assets, 100,000$ Equity, and 1,000,000$

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A FOOD company only has cash and a land worth 500,000$ as assets, 100,000$ Equity, and 1,000,000$ Total Liabilities.

How much cash does it have?

Along with this another business has 100,000$ equity, and 400,000$ total liability.

How much assets does it have?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: May 16, 2023 08:37 AM

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A FOOD company only has cash and a land worth 500,000$ as assets, 100,000$ Equity, and 1,000,000$

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To determine the amount of cash the food company has we need to subtra... View the full answer

Advanced Accounting

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