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The Balance Sheet of Rover's Inc

Question 108

Multiple Choice

The balance sheet of Rover's Inc. shows its liabilities and owners' equity as $130,000 and $170,000 respectively. In this case, Rover's _____.


A) total assets are $300,000
B) total income is $40,000
C) net income for the current year is $300,000
D) net cash flow for the current year is $40,000

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