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If liabilities are $4,000 and owner's equity is $15,000, assets are: 1. $9,000. 2. $15,000. 3. $19,000. 4. $4,000.
Equity= Asset-Liability. So, Asset= $15,000+ $4,000= 3. $19,000
Expert answered|shifa saleheen|Points 8137|
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Asked 12/5/2011 7:50:22 AM
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The FASB develops statement of Financial Accounting Standards in the following order. (Points: 5) 1. Issues exposure draft, obtains responses to exposure draft, issues statement of principle, issues a discussion memorandum, obtains responses to discussion memorandum 2. Issues a discussion memorandum, obtains responses to discussion memorandum, issues exposure draft, obtains responses to exposure draft, issues statement of principle 3. Issues a discussion memorandum, ...
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The FASB develops statement of Financial Accounting Standards in the following order: (2) Issues a discussion memorandum, obtains responses to discussion memorandum, issues exposure draft, obtains responses to exposure draft, issues statement of principle.
Added 12/25/2011 9:12:28 AM
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