Using the accounting equation
A fictional business has total assets of $50,000 and total liabilities of $32,000. What is its owners’ equity?
A
$50,000
B
$18,000
C
$82,000
D
$32,000
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A fictional business has total assets of $50,000 and total liabilities of $32,000. What is its owners’ equity?
$50,000
$18,000
$82,000
$32,000
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