Multiple Choice
Artec Corporation has total assets, current liabilities, and long-term liabilities of $36,000, $2,000, and $13,000, respectively.If Artec purchases equipment for $4,000 for cash, how much would shareholders' equity be?
A) $21,000
B) $10,000
C) $24,000
D) $11,000
Correct Answer:
Verified
Correct Answer:
Verified
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