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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $13,800; Accounts Receivable, $6,900; Supplies, $650;
On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $13,800; Accounts Receivable, $6,900; Supplies, $650; Equipment, $11,450; Accounts Payable, $8,800. What is the amount of equity as of May 31 of the current year? Multiple Choice $32,800. $24,000. $12,350. $13,800.
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
