Question: S1-8. (Learning Objective 2: Using the accounting equation) 1. Use the accounting equation to show how to determine the amount of a company's owners'

S1-8. (Learning Objective 2: Using the accounting equation) 1. Use the accounting equation to show how to determine the amount of a company's owners' equity. How would your answer change if you were analyzing your own household or a single Burger King outlet? 2. If you know the assets and the owners' equity of a business, how can you measure its li- abilities? Give the equation.

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