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Sonny and Cher Have a Net Worth of $35,000 and Total

Question 46

Multiple Choice

Sonny and Cher have a net worth of $35,000 and total assets of $200,000.If their revolving credit and unpaid bills total $2,200,what will their long-term liabilities be?


A) $115,000
B) $140,000
C) $142,200
D) $162,800
E) $165,000

Correct Answer:

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