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Given the following items from the balance sheet of the Piper Company Assets Liabilities Cash $ 10,000 Accounts Payable $ 25,000 Accounts Receivable 15,000

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Given the following items from the balance sheet of the Piper Company Assets Liabilities Cash $ 10,000 Accounts Payable $ 25,000 Accounts Receivable 15,000 Dividends Payable 15.000 Land 20,000 Total Liabilities 40,000 Building 30,000 Equipment 25.000 Stockholders' Equity Total Assets Working Capital is: Select one O a $60,000 O b. 50 Oc. $75,000 Od $25,000 Oe $(15,000) Common Stock 50,000 Retained Earnings 10.000 $100,000 Total Liabilities and Stockholders' Equity $100,000 Time left 03 10.29 PM ING C

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