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Milsap Corporation Reported Total Assets of $2,500,000, Total Current Liabilities

Question 111

Multiple Choice

Milsap Corporation reported total assets of $2,500,000, total current liabilities of $900,000, and total long-term liabilities of $800,000. What was the shareholders' equity?


A) $1,700,000.
B) $1,600,000.
C) $100,000
D) $800,000.

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