Multiple Choice
A company's balance sheet shows: cash $22,000,accounts receivable $16,000,office equipment $50,000,and accounts payable $17,000.What is the amount of equity?
A) $17,000
B) $29,000
C) $71,000
D) $88,000
E) $105,000
Correct Answer:
Verified
Correct Answer:
Verified
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