Multiple Choice
Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets doubled to $900,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?
A) $670,000
B) $680,000
C) $440,000
D) $900,000
Correct Answer:
Verified
Correct Answer:
Verified
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