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    Exam 1: Accounting Concepts and Procedures
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    Strum Hardware Has Total Assets of $50,000
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Strum Hardware Has Total Assets of $50,000

Question 113

Question 113

Multiple Choice

Strum Hardware has total assets of $50,000.What are the total assets if new equipment is purchased for $10,000 cash?


A) $45,000
B) $50,000
C) $55,000
D) $60,000

Correct Answer:

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