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QUESTION

On August 31st of the current year, the assets and liabilities of Gladstone Inc, are as follows:

On August 31st of the current year, the assets and liabilities of Gladstone Inc, are as follows:

cash 32,000

supplies 750

equipment 11,500

accounts payable 10,300

what is the amount of equity as of august 31 of the current year?

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