Multiple Choice
On January 1,2018,Yukon Inc.,had assets of $156,000 and shareholders's equity of $88,000.During the year assets increased by $35,000 and shareholders's equity decreased by $27,500.What were the liabilities on December 31,2018?
A) $7,500.
B) $68,000.
C) $130,500.
D) $251,500.
Correct Answer:
Verified
Correct Answer:
Verified
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