A new company completed these transactions: 1. Shareholders invested ($ 50,000) cash and inventory worth ($ 25,000).

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A new company completed these transactions:

1. Shareholders invested $\$ 50,000$ cash and inventory worth $\$ 25,000$. 2. Sales on account, $\$ 12,000$.

What will total assets equal?

a. $\$ 75,000$

b. $\$ 87,000$

c. $\$ 63,000$

d. $\$ 62,000$

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 08, 2024 09:02 AM

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A new company completed these transactions: 1. Shareholders invested ($ 50,000) cash and inventory worth ($ 25,000).

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Financial Accounting

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