Pretty Flowers Has Assets of $189,000 and Liabilities of $111,000

question 12

Short Answer

Pretty Flowers has assets of $189,000 and liabilities of $111,000. What is the owner's equity?

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Definitions:

Recently Married Couples

Couples who have entered into marriage within a relatively short period before the current time.

Market Revolution

A sweeping economic transformation in the early 19th century United States characterized by rapid advancements in transportation, commercialization, and industrialization.

Innovations

refer to new ideas, methods, or devices that bring improvements or changes; the act or process of introducing new ideas, devices, or methods.

Transportation and Communication

Refers to the systems and methods used to move people and information from one place to another, including roads, railroads, air travel, emails, and telephones.