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As of June 30, 2014, Dallas Company Has Assets of $140,000

Question 247

Multiple Choice

As of June 30, 2014, Dallas Company has assets of $140,000 and equity of $10,000. What are the liabilities for Dallas Company as of June 30, 2014?

A) $150,000
B) $120,000
C) $130,000
D) $140,000

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