Question
After all the accounts have been closed at the end of the fiscal year on November 30, 2016 for Company A, the balances of selected
After all the accounts have been closed at the end of the fiscal year on November 30, 2016 for Company A, the balances of selected accounts from the ledger are as follows: Based on this information, which of the following statements are true? (There are multiple correct answers, you must select all the correct answers in order to get full credit for the problem.)
Total Current Assets on the balance sheet at November 30, 2016 is greater than $180,000.
Total Current Assets on the balance sheet at November 30, 2016 is less than $160,000.
Total Liabilities and Stockholders' Equity on the balance sheet at November 30, 2016 is less than $650,000.
Total Assets on the balance sheet at November 30, 2016 is less than $650,000.
Total Assets on the balance sheet at November 30, 2016 is greater than $750,000.
Total Liabilities and Stockholders' Equity on the balance sheet at November 30, 2016 is greater than $750,000.
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