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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $20,300, Accounts Receivable, $3,000, Supplies, $1,400; Equipment,

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On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $20,300, Accounts Receivable, $3,000, Supplies, $1,400; Equipment, $12,750; Accounts Payable, $10,150. What is the amount of equity as of May 31 of the current year? Multiple Choice 552,600 $13,150 520300 $32.300

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