Q2-59. Gartex, a new company, completed these transactions. 1. Shareholders invested $45,000 cash and inventory worth $28,000.

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Q2-59. Gartex, a new company, completed these transactions.

1. Shareholders invested $45,000 cash and inventory worth $28,000.

2. Sales on account, $20,000.

What will Gartex’s total assets equal?

a. $93,000

c. $65,000

b. $73,000

d. $53,000

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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Question Posted: Jul 25, 2024 09:01 AM

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Q2-59. Gartex, a new company, completed these transactions. 1. Shareholders invested $45,000 cash and inventory worth $28,000.

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Financial Accounting International Financial Reporting Standards Global Edition

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