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On the balance sheet,total assets must always equal total liabilitie. The amount remaining is what is used to finance the frim and includes equity and long-term debt.

2007-07-24 03:47:26 · 3 answers · asked by dos_1995 1 in Business & Finance Other - Business & Finance

3 answers

False - long term debt would be included in total liabilities.

2007-07-24 03:57:35 · answer #1 · answered by mindcrime828 7 · 0 0

False

2007-07-24 03:51:59 · answer #2 · answered by Rob P 3 · 0 0

FALSE - go re-read the chapter

2007-07-24 03:50:32 · answer #3 · answered by Anonymous · 0 0

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