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Use the Following Information as of December 31 to Determine

Question 154

Multiple Choice

Use the following information as of December 31 to determine equity. Liabilities……………… $141,000
Cash…………………… 57,000
Equipment…………….. 206,000
Buildings........................ 175,000


A) $57,000.
B) $141,000.
C) $297,000.
D) $438,000.
E) $579,000.

Correct Answer:

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