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    Financial and Managerial Accounting Study Set 8
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    Exam 2: Basic Financial Statements
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    If the Notes Payable Balance Is $25,000,then the Total Assets
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If the Notes Payable Balance Is $25,000,then the Total Assets

Question 51

Question 51

Multiple Choice

If the Notes Payable balance is $25,000,then the total assets of Gordon,Inc.at December 31,2018 amount to:


A) $ 27,500.
B) $152,500.
C) $120,000.
D) $165,000.

Correct Answer:

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