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The year-end balance sheet for Omega Corp. is presented below: Omega Corp. Balance Sheet As of December 31, 2016 Assets Liabilities $48,550 $19,000 Stockholders'
The year-end balance sheet for Omega Corp. is presented below: Omega Corp. Balance Sheet As of December 31, 2016 Assets Liabilities $48,550 $19,000 Stockholders' equity Common stock $17,000 Retained earnings 12,550 Total stockholders' equity 29,550 Total liabilities and stockholders' $48,550 equity Based on this information, what percentage of total assets was provided by investors?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
