Question
ABC Company has the following balances at the end of their fiscal year: Cash 6,000 Accounts Receivable 6,000 Long Term Debt 1,000 Accounts Payable 3,000
ABC Company has the following balances at the end of their fiscal year:
Cash 6,000
Accounts Receivable 6,000
Long Term Debt 1,000
Accounts Payable 3,000
Inventory 3,000
Based ononlythese account balances, calculate the total owners equity at the end of the year. ((Answer in whole $s without the $ sign or comma, xxxxx, e.g. 12000.)
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
