a firm has 200000 in total assets and 120000 in


A firm has $200,000 in total assets and $120,000 in owner's equity. What are the total liabilities?
A. $80,000
B. $200,000
C. $320,000
D. Cannot be determined from the information given

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Accounting Basics: a firm has 200000 in total assets and 120000 in
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