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ACCT 212 Week 4 | Midterm (Fall 2018)

Questions:1.   (TCO 1) The Accounting Equation is used to develop the organization's financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points)2.  (TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies where ..

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