Question
On January 1, 20x1, Merlin Inc. showed assets totalling $210,000 and shareholder's equity of $100,000. During the year, Merlin's assets increased by $39,000 and shareholders'
On January 1, 20x1, Merlin Inc. showed assets totalling $210,000 and shareholder's equity of $100,000. During the year, Merlin's assets increased by $39,000 and shareholders' equity increases by $8,000. What is the liabilities total for Merlin at December 31, 20x1?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
