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08-02-2022
Business

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Which statement is true about the value of Dante’s assets and liabilities?

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MimlovesCows MimlovesCows

08-02-2022

Answer:

He has $50,000 more in assets than in liabilities

Explanation:

For example, Let's say we know that Dante has $150,000 in capital and $ 50,000 in liabilities.

Dante's asset would be:

$150,000 - $ 50,000 = $100,000

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