Liabilities are claims against all the assets. The $6,077,000 of accounts payable on the Garsden Company balance

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Liabilities are claims against all the assets. The $6,077,000 of accounts payable on the Garsden Company balance sheet is a claim against

[the current assets of $22,655,000 / the total assets of $42,605,000].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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