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A company has liabilities of $210,000. The opening balance in the owners capital account is $60,000; in drawings $20,000; revenues $320,000; and expenses $255,000. What
A company has liabilities of $210,000. The opening balance in the owners capital account is $60,000; in drawings $20,000; revenues $320,000; and expenses $255,000. What are the companys total assets?
1) $590,000
2) $315,000
3) $270,000
4) $65,000
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