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QUESTION

Apply the accounting equation. Use the accounting equation to show how to determine the amount of a company's equity.

Apply the accounting equation.  Use the accounting equation to show how to determine the amount of a company's equity. How would your answer change if you were analyzing your own household or a single IHOP restaurant? 2. If you know the assets and the owners' equity of a business, how can you measure its liabilities? Give the equation.

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