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Issue:

Miscellaneous

 

Written by:

Raymond G

 

Date added:

December 15, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 336

 

Was viewed:

1636 times

 

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Essay content:

The purpose of any business is to increase the owner's equity through solid revenues. These revenues increase assets or proceed to decrease the business liabilities. In the case shown above, for L.L. Sams Company, the total amount of assets consists of $211,500, while liabilities are listed at $30,000...
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However, the owner's capital is $181,500. Therefore, the loan assistant would subtract the total liabilities from the owner's equity and assets. This amount would be $363,000.00. In the case shown above, for Melinda Garcia Career Services, the total amount of assets consists of $244,000, while liabilities are listed at $174,000...
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