Question
If a business has the following balances, what would be the amount of total liabilities? ASSETS Cash$ 5000 Accounts Receivable 2575 Equipment14000 OWNER'S EQUITY Anne
If a business has the following balances, what would be the amount of total liabilities?
ASSETS
Cash$ 5000
Accounts Receivable 2575
Equipment14000
OWNER'S EQUITY
Anne Miller, Capital 2600
a. $15,975
b.$18,950
c.$18,975
d.$24,175
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
