Q:

As of June 30, 2008, Houston Company has assets of $100,000 and owner’s equity of $5,000. What are the liabilities for Houston Company as of June 30, 2008?

DEleiwa

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2022-05-10

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854

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As of June 30, 2008, Houston Company has assets of $100,000 and owner’s equity of $5,000. What are the liabilities for Houston Company as of June 30, 2008?

$85,000
$90,000
$95,000
$100,000

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DEleiwa

2022-05-10

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c. $95,000

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