Question: If assets are $ 2 4 0 0 0 and owner's equity is $ 1 1 0 0 0 , then liabilities are $ 3

If assets are $24000 and owner's equity is $11000, then liabilities are
$35000.
$11000.
indeterminable with just the facts given.
$13000.
If assets are $ 2 4 0 0 0 and owner's equity is $

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