Multiple Choice
Beginning Assets were $700,000,Beginning Equity was $225,000,Revenue for the year was $523,000,Common Stock sold during the year totaled $320,000,Expenses for the year were $392,000,Ending Equity is $751,000,and Ending Assets are $963,000.
What were the Beginning Liabilities for the year?
A) $738,000
B) $998,000
C) $131,000
D) $203,000
E) $475,000
Correct Answer:
Verified
Correct Answer:
Verified
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