As of June 30, 2009, Dallas Company has assets of $100,000 and owner's equity of $5,000. What are the liabilities for Dallas Company as of June 30, 2009?
A) $85,000
B) $90,000
C) $95,000
D) $100,000

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The Answer of As of June 30, 2009, Dallas Company has assets of $100,000 and owner's equity of $5,000. What are the liabilities for Dallas Company as of June 30, 2009?
A) $85,000
B) $90,000
C) $95,000
D) $100,000

As of June 30, 2009, Dallas Company Has Assets of $100,000