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ABC Co . deposited $ 8 0 , 0 0 0 in a bank account, purchased a building for $ 4 0 , 0 0

ABC Co. deposited $80,000 in a bank account, purchased a building for $40,000 and inventory for $20,000 both for cash, performed services for clients for $10,000 cash, purchased supplies for $5,000 on account, and paid utilities of $2,000 cash. What is the amount of total assets?
Selected Answer:
Incorrect
None of the above
Answers:
$80,000
$78,000
Correct
$88,000
None of the above

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