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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $16,800; Accounts Receivable, $7,050, Supplies, $700; Equipment.

On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $16,800; Accounts Receivable, $7,050, Supplies, $700; Equipment. $11,750; Accounts Payable, $9,000. What is the amount of equity as of May 31 of the current year? Multiple Choice $27,300 $45.300. $36,300 $16,800 $12,650 O

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