Newberry Company's owner's equity equals one-fourth of the company's total assets.The company's liabilities are $309,000.What is the amount of the company's owner's equity?

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The Answer of Newberry Company's owner's equity equals one-fourth of the company's total assets.The company's liabilities are $309,000.What is the amount of the company's owner's equity?

Newberry Company's Owner's Equity Equals One-Fourth of the Company's Total