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This company's end-of-year balance sheet consisted of the following amounts: Cash Property, plant & equipment Capital stock Retained earnings $75,000 400,000 500,000 Accounts Receivable Long-term
This company's end-of-year balance sheet consisted of the following amounts: Cash Property, plant & equipment Capital stock Retained earnings $75,000 400,000 500,000 Accounts Receivable Long-term debt Accounts payable Inventory $300,000 200,000 100,000 175,000 2 What amount should the company report on its Balance Sheet for Total Assets? 5600,000 $950,000 $1,000,000 O 5775,000
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