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A Firm Has Total Equity of $61,600 and Total Liabilities

Question 40

Multiple Choice

A firm has total equity of $61,600 and total liabilities of $18,900.Current assets are $44,700 and current liabilities are $15,200.What is the value of the net fixed assets?


A) $8,300
B) $10,600
C) $29,500
D) $35,800
E) $42,700

Correct Answer:

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