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Below is data on two firms, the Wolverines and the Wildcats. Wolverines Wildcats Revenues 2020 150,000 200,000 Expenses 2020 120,000 180,000 Total Assets end of

Below is data on two firms, the Wolverines and the Wildcats. Wolverines Wildcats Revenues 2020 150,000 200,000 Expenses 2020 120,000 180,000 Total Assets end of 2019 810,000 810,000 Total Assets end of 2020 850,000 850,000 Which of the below is TRUE

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