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27 September, 18:59

A bakery's balance sheet shows the following assets (in thousands) : cash, $356; accounts receivable, $600; inventory, $510; property, $1206; other assets, $535. The liabilities were: loans and accounts payable, $600; other current liabilities, $225; long-term debt, $180. Find the owners' equity.

$2,202,000

$1,005,000

$3,207,000

$4,213,000

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  1. 27 September, 19:21
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    The owners' equity will be 1,005,000
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