Question
On 12/31/20x1, Michael Company reported Total Assets of $250,000, Common Stock of $50,000, and Retained Earnings of $90,000. What were total liabilities as of 12/31/20x1?
On 12/31/20x1, Michael Company reported Total Assets of $250,000, Common Stock of $50,000, and Retained Earnings of $90,000. What were total liabilities as of 12/31/20x1?
A. $110,000
B. $210,000
C. $160,000
D. $204,000
| Your answer (A, B, C, or D) |
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Show your calculation in detail.
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Practice Test For CCAK Certificate Of Cloud Auditing Knowledge Exam Core And Key Concepts Of The Nine Critical Areas For The CCAK Certificate
Authors: Walter Education
1st Edition
B0CCCXBB4G, 979-8853253438
