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Q3: The following information was extracted from the accounting records of Plum Company: (2 mark) Beginning Paid-In Capital $87,000 Beginning Retained Earnings $211,000 Beginning Assets
Q3: The following information was extracted from the accounting records of Plum Company: (2 mark) Beginning Paid-In Capital $87,000 Beginning Retained Earnings $211,000 Beginning Assets $455,000 During the period assets increased by $150,000, revenues were $200,000, and expenses were $165,000. The owners made no additional investments. What is the amount of Plum Company's liabilities at the end of the period
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