Question
As of December 31, 2016, ABC Co. had total owners equity of $8,000,000 and total liabilities of $4,000,000. During 2016, ABC Co. had total revenues
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As of December 31, 2016, ABC Co. had total owners equity of $8,000,000 and total liabilities of $4,000,000. During 2016, ABC Co. had total revenues of $9,000,000 and total expenses of $3,400,000. As of December 31, 2016, what were ABC Co.s total assets?
a. $12,400,000.
b. $12,000,000.
c. $4,000,000.
d. $5,600,000.
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My Favorite Auditor Gave Me This Book
Authors: Funny Planner Publishing
1st Edition
1676058060, 978-1676058069
