Question
Assume ABC Inc., has revenues of $10,000 and expenses of $12,000 in a particular month and has assets of $25,000. What are the company's liabilities
Assume ABC Inc., has revenues of $10,000 and expenses of $12,000 in a particular month and has assets of $25,000. What are the company's liabilities during that period?
A. $17,000
B. $42,000
C. $27,000
D. $2,000
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The right option of this question is option c 27000 Explanation Accounting equa...
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
