The total assets and total liabilities of Pat 's Coffee Tea Inc and Pam 's Corporation are shown below Pat 's Coffee Tea Inc (in millions) Pam 's Corporation (in millions) Assets $51,564 $50,017 Liabilities 22,688 24,008 Determine the owners ' equity of each company Pat 's Coffee Tea Inc owners ' e...

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The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown

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The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown below.

	Pat's Coffee & Tea Inc. (in millions)	Pam's Corporation (in millions)
Assets	$51,564	$50,017
Liabilities	22,688	24,008

Determine the owners' equity of each company.

Pat's Coffee & Tea Inc. owners' equity
Pam's Corporation owners' equity

Related Book For answer-question

Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Posted Date: Jul 01, 2022 12:51 AM

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The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown

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Corporate Financial Accounting

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