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Harbor City Corporation's End-Of-Year Balance Sheet Consisted of the Following

Question 40

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Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: ?  Cash $15,000 Accounts receivable $50,000 Froperty, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000\begin{array} { l c c r } \text { Cash } & \$ 15,000 & \text { Accounts receivable } & \$ 50,000 \\\text { Froperty, plant, and equipment } & 70,000 & \text { Long-term debt } & 40,000 \\\text { Capital stock } & 100,000 & \text { Accounts payable } & 20,000 \\\text { Retained earnings } & ? & \text { Inventory } & 35,000\end{array} ?
What amount should Harbor City report on its balance sheet for total assets?


A) $110,000
B) $155,000
C) $170,000
D) $190,000

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