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At the End of the Current Accounting Period, Account Balances

Question 169

Multiple Choice

At the end of the current accounting period, account balances were as follows: Cash, $29,000; Accounts Receivable, $44,000; Common Stock, $18,000; Retained Earnings, $12,000. Liabilities for the period were:


A) $73,000.
B) $55,000.
C) $61,000.
D) $43,000.

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