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Sonar Company Prepared a Draft of Its 2014 Balance Sheet

Question 29

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Sonar Company prepared a draft of its 2014 balance sheet.The draft statement reported total assets of $437,500.Included in this total assets figure were the following items: Sonar Company prepared a draft of its 2014 balance sheet.The draft statement reported total assets of $437,500.Included in this total assets figure were the following items: At which amount should Sonar' total assets be correctly reported in the December 31,2014,balance sheet? A) $420,850 B) $421,300 C) $425,050 D) $425,500 At which amount should Sonar' total assets be correctly reported in the December 31,2014,balance sheet?


A) $420,850
B) $421,300
C) $425,050
D) $425,500

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