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Michael Company Reports the Following Account Balances at the End

Question 31

Multiple Choice

Michael Company reports the following account balances at the end of the first year of operations: Michael Company reports the following account balances at the end of the first year of operations: What are total liabilities at the end of the first year? A) $37,000 B) $50,000 C) $62,000 D) $100,000 What are total liabilities at the end of the first year?


A) $37,000
B) $50,000
C) $62,000
D) $100,000

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