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Use This Balance Sheet and Income Statement for the First

Question 155

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question. Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question. The total amount of working capital of Layton Novelties is A) $8,000 B) $28,000 C) $12,000 D) $4,000 Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question. The total amount of working capital of Layton Novelties is A) $8,000 B) $28,000 C) $12,000 D) $4,000 The total amount of working capital of Layton Novelties is


A) $8,000
B) $28,000
C) $12,000
D) $4,000

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