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Beta Corporation purchased $290,000 worth of land by paying 29,000 cash and signing a $261,000 mortgage. Immediately prior to this transaction the corporation had assets,
Beta Corporation purchased $290,000 worth of land by paying 29,000 cash and signing a $261,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $169,000, $39,500, and $129,500 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded? Multiple Choice be $459,000 $68,500 $430,000 $198.000 5488.000
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