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Beta Corporation purchased $270,000 worth of land by paying 27,000 cash and signing a $243,000 mortgage. Immediately prior to this transaction the corporation had
Beta Corporation purchased $270,000 worth of land by paying 27,000 cash and signing a $243,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $167,000, $38,500, and $128,500 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded? Multiple Choice $65,500 $410,000 $464,000 $437,000 $194,000
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