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Prairie Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Prairie has accounts receivable of $47,000, inventory of $18,000, and land that
Prairie Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Prairie has accounts receivable of $47,000, inventory of $18,000, and land that cost $40,000. How much are Prairie's total assets and liabilities?
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
