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On December 31 of the current year, the assets and liabilities of Tree, Inc. are as follows: Cash $30,000; Supplies, $600; Equipment, $10,000; Accounts
On December 31 of the current year, the assets and liabilities of Tree, Inc. are as follows: Cash $30,000; Supplies, $600; Equipment, $10,000; Accounts Payable, $8,500. What is the amount of equity as of December 31 of the current year? $12,100. O $30,900. $10,900. $32,100. $49,100.
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