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The balance sheet of Embark Inc. shows that its total assets are worth $1,200,000. This includes inventories worth $120,000, patents valued $150,000, and goodwill estimated
The balance sheet of Embark Inc. shows that its total assets are worth $1,200,000. This includes inventories worth $120,000, patents valued $150,000, and goodwill estimated to be worth $70,000. The current liabilities of the company are estimated to be $275,000. In monetary value, the resource stock of Embark Inc. is worth _____.
a. $120,000
b. $1,200,000
c. $275,000
d. $220,000
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