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In a Balance Sheet Current Assets Are $4 000; Long-Term

Question 22

Multiple Choice

In a balance sheet Current Assets are $4 000; Long-term Assets are $6 000; Total Owners' Equity is $6 000; Current Liabilities are $3 000. What are Long-term Liabilities?


A) $1 000
B) $5 000
C) $9 000
D) $13 000
E) $15 000

Correct Answer:

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