Question
On December 31 st , 2018, Henry Inc. had total liabilities of $5 million and total shareholders equity of $10 million. Based on that information,
On December 31st, 2018, Henry Inc. had total liabilities of $5 million and total shareholder’s equity of $10 million. Based on that information, what was the total amount of assets as of that date?
- $5 million
- $10 million
- $15 million
- None of the above
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
14th Edition
1260247821, 978-1260247824
