Question: Jones Co . has $ 1 0 0 , 0 0 0 in assets, $ 2 0 , 0 0 0 in accounts payable, and

Jones Co. has $100,000 in assets, $20,000 in accounts payable, and $10,000 in notes payable. What is the amount of owner's equity?
a. $70,000.
b. $130,000
C. $90,000
d. None of these choices are correct.
Jones Co . has $ 1 0 0 , 0 0 0 in assets, $ 2 0 ,

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