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ABC Is a Company That Commenced Business on 1 January

Question 2

Multiple Choice

ABC is a company that commenced business on 1 January 2016. Below are the balances in the 30 June 2016 financial statements.
ABC is a company that commenced business on 1 January 2016. Below are the balances in the 30 June 2016 financial statements. What is the balance of liabilities? A) $7000 B) $9000 C) $15 000 D) None of the answers provided
What is the balance of liabilities?


A) $7000
B) $9000
C) $15 000
D) None of the answers provided

Correct Answer:

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