Kalis Company's owner's equity equals one-third of the company's total assets. The company's liabilities are $120,000. What is the amount of the company's owner's equity?

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The Answer of Kalis Company's owner's equity equals one-third of the company's total assets. The company's liabilities are $120,000. What is the amount of the company's owner's equity?

Kalis Company's Owner's Equity Equals One-Third of the Company's Total