Determine the Missing Amount "X" for Each of the Following

question 113

Short Answer

Determine the missing amount "X" for each of the following:
$\begin{array}{|l|l|l|}\hline \text { Assets } & \text { Liabilities } & \text { Owner'sEquity } \\\hline \text { a. } \$ 78,500 & \$ 37,600 &X \\\hline \text { b. } X & \$ 53,280 & \$145,000 \\\hline \text{c. \$49,500}&X&\$34,000\\\hline\\\end{array}$

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Definitions:

Unauthorized Practice of Law

Engaging in legal activities or providing legal advice without the necessary legal authorization or license.

Attorney-Client Relationships

The professional and confidential relationship established between a lawyer and their client.

Legal Opinions

Formal statements by a qualified legal expert concerning the legal status or interpretation of a matter.

Walling Off

The practice of segregating or isolating certain information or individuals within a firm to prevent conflicts of interest.