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Q5. The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant & equipment $43,600 Common

Q5. The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant & equipment $43,600

Common stock 15,000

Cash 6,500

Inventory 22,900

Bad debt reserve 6,000

Additional paid-in-capital 6,000

Accumulated depreciation 28,900

Accounts receivable 22,000

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