Max Corp.has total assets of $100 million and total liabilities of $30 million.Last year it earned a profit of $3 million.What is owners' equity at Max Corp.?
A) $3 million
B) $100 million
C) $103 million
D) $73 million
E) $70 million

Name: Max Corp.has total assets of $100 million and total liabilities of $30 million.Last year it earned a profit of $3 million.What is owners' equity at Max Corp.? A) $3 million B) $100 million C) $103 million D) $73 million E) $70 million
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$70 million

Max Corphas Total Assets of $100 Million and Total Liabilities of of $30