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The following information was gathered from a company's balance sheet and income statement. Cash Accounts receivable Inventory Long-term assets Total assets Current liabilities Long-term
The following information was gathered from a company's balance sheet and income statement. Cash Accounts receivable Inventory Long-term assets Total assets Current liabilities Long-term liabilities. Total liabilities Stockholders' equity 5 Total liabilities and equity Current Previous $60,000 $50,000 $30,000 $35,000 $35,000 $45,000 $250,000 $160,000 $375,000 $290,000 Current Previous $50,000 $70,000 $90,000 $80,000 $140,000 $150,000 $235,000 $140,000 $375,000 $290,000 3
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