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Felicia's Rent to Own Has Total Assets of $2,800,000,accounts Receivable

question 51

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Felicia's Rent to Own has total assets of $2,800,000,accounts receivable of $900,000,accounts payable of $700,000,inventory valued at $1,500,000,and total liabilities of $2,500,000.Calculate the owners' equity.

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Definitions:

Sexual Harassment

Unwanted or unwelcome sexual behavior, which can include physical or verbal actions, creating an offensive environment.

Dominant Element

refers to the primary or leading factor in a situation or relationship.

Power

The ability or capacity to influence or control the behavior of others or the course of events.

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