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A company owns $10,000 cash and owns a $20,000 truck. It has one bank loan where it owes the bank $3,000 due in two years.
A company owns $10,000 cash and owns a $20,000 truck. It has one bank loan where it owes the bank $3,000 due in two years. The company has no other assets or liabilities. What is the amount of the company's net assets (stockholders' equity)?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
