Gartex, a new company, completed these transactions. What will Gartexs total assets equal? 1. Shareholders invested $54,000

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Gartex, a new company, completed these transactions. What will Gartex’s total assets equal?

1. Shareholders invested $54,000 cash and inventory worth $27,000.

2. Sales on account, $15,000.

a. $66,000

c. $96,000

b. $69,000

d. $81,000

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 25, 2024 11:02 AM

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Gartex, a new company, completed these transactions. What will Gartexs total assets equal? 1. Shareholders invested $54,000

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Financial Accounting International Financial Reporting Standards

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