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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 70
Total assets on a balance sheet prepared on any date must agree with which of the following
A) The sum of total liabilities and net income as shown on the income statement.
B) The sum of total liabilities and common stock.
C) The sum of total liabilities and retained earnings.
D) The sum of total liabilities and common stock and retained earnings.
A) The sum of total liabilities and net income as shown on the income statement.
B) The sum of total liabilities and common stock.
C) The sum of total liabilities and retained earnings.
D) The sum of total liabilities and common stock and retained earnings.
Explanation
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RID: 1503 | 04/08/2014
Correct option is...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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