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    Financial Accounting Information for Decisions Study Set 3
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    Exam 1: Introducing Financial Statements
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    The Assets of a Company Total $700,000; the Liabilities,$200,000
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The Assets of a Company Total $700,000; the Liabilities,$200,000

Question 35

Question 35

Multiple Choice

The assets of a company total $700,000; the liabilities,$200,000.What are the net assets?


A) $900,000.
B) $700,000.
C) $500,000.
D) $200,000.
E) It is impossible to determine unless the amount of stockholder investments is known.

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