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Mylexhas Current Assets of $95, Net fiXed Assets of $250

Question 306

Multiple Choice

Mylexhas current assets of $95, net fixed assets of $250, long-term debt of $40, and owners' equity of $200, what is the value of current liabilities if that is the only other item on the statement of
financial position?


A) -$50
B) $50
C) $105
D) $145
E) $545

Correct Answer:

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