Multiple Choice
Which part of Suarez Farms' financial statements represents the capital invested in the business according to the fundamental accounting equation?
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A company has assets totaling \$50,000 and equity of \$20,000. What are their liabilities?
A company has liabilities of \$25,000 and assets of \$35,000. What is the company's equity?
If a company has liabilities of \$65,000 and equity of \$25,000, what are the company's assets worth?