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On January 1, 20x1, Merlin Inc. showed assets totalling $215,000 and shareholder's equity of $100,000. During the year, Merlin's assets increased by $35,000 and shareholders'
On January 1, 20x1, Merlin Inc. showed assets totalling $215,000 and shareholder's equity of $100,000. During the year, Merlin's assets increased by $35,000 and shareholders' equity increases by $10,000. What is the liabilities total for Merlin at December 31, 20x1
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Accounting A Comprehensive Guide For Beginners
Authors: Robert McCarthy
1st Edition
1638180474, 978-1638180470
