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At the End of the Current Accounting Period,account Balances Were

Question 35

Multiple Choice

At the end of the current accounting period,account balances were as follows: Cash,$29,000;Accounts Receivable,$44,000;Common Stock,$18,000;Retained Earnings,$14,000.Liabilities for the period were:


A) $73,000.
B) $55,000.
C) $59,000.
D) $41,000.

Correct Answer:

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