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Marvin Services Corporation Had the Following Accounts and Balances

Question 107

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Marvin Services Corporation had the following accounts and balances: Marvin Services Corporation had the following accounts and balances: If the balance of the Buildings account was $24,000 and $6,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity? A) $54,000 B) $78,000 C) $48,000 D) $72,000 If the balance of the Buildings account was $24,000 and $6,000 of Accounts Payable were paid in cash, what would be the total liabilities and stockholders' equity?


A) $54,000
B) $78,000
C) $48,000
D) $72,000

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