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Question(s) / Instruction(s):

A companys balance sheet shows: cash $29,000, accounts receivable $11,000, office equipment $55,000, and accounts payable $11,000. What is the amount of equity?
a)    $106,000.
b)    $11,000.
c)    $73,000.
d)    $29,000.
e)    $84,000.

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