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A business has a total assets of 100,000 a total liabilities of 70,000 and total equity of 30,000 at the beginning of the period. During
A business has a total assets of 100,000 a total liabilities of 70,000 and total equity of 30,000 at the beginning of the period. During the period total liabilities decreased 40,000. Business reported 50,000 profit for the period. How much is the ending total assets?
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At the beginning of the period Total Assets 100000 Total Liabilities ...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
