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The following information is taken from Gandalf, Pty, Ltd. book: Accounts Payable $600 Accounts Receivable $5,200 Cash $27,000 Loan Payable in 6 months $4,400 Revenue
The following information is taken from Gandalf, Pty, Ltd. book:
Accounts Payable | $600 | Accounts Receivable | $5,200 |
Cash | $27,000 | Loan Payable in 6 months | $4,400 |
Revenue received in advance | $12,000 | Bank Loan Mortgage | $30,000 |
Accumulated depreciation | $7,800 | Inventory | $10,200 |
Buildings | $17,600 | Supplies | $1,600 |
What is the most likely amount for the company's net assets?
Select one:
a. $41,600.
b. $6,800.
c. $14,600.
d. $26,600.
e. $18,800.
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