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A company has Cash = $350,000; Inventory = $450,000; Accounts Receivable = $175,000; Fixed Assets = $1,000,000; Owners Equity $1,000,000; and Accounts Payable = $125,000.
A company has Cash = $350,000; Inventory = $450,000; Accounts Receivable = $175,000; Fixed Assets = $1,000,000; Owners Equity $1,000,000; and Accounts Payable = $125,000. Compute the company's Total Asset balance. Group of answer choices $975,000 $1,975,000 $525,000 $1,125,000
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
