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Q1: The following information was extracted from the accounting records of RAS Company: (2 marks) Paid-in Capital, December 31, 2017 Retained Earnings, December 31, 2017

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Q1: The following information was extracted from the accounting records of RAS Company: (2 marks) Paid-in Capital, December 31, 2017 Retained Earnings, December 31, 2017 Total Assets, December 31, 2017 Revenues for year ended December 31, 2018 Expenses for year ended December 31, 2018 Total Assets, December 31, 2018 Additional investments by owners in 2018 $ 87,000 $211,000 $455,000 $200,000 $165,000 $605,000 $ 10,000 At December 31, 2017, what is the total amount of liabilities

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