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Santa Industries Inc. has cash of $500,000, equipment that cost $800,000, accounts receivable of $135,000 and land that cost $600,000. The business has accounts payable
- Santa Industries Inc. has cash of $500,000, equipment that cost $800,000, accounts receivable of $135,000 and land that cost $600,000. The business has accounts payable of $100,000, equipment loans of $300,000, and a commercial mortgage on the land of $200,000. What is Santa's net worth?
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
