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A year ending balance sheet showed the following subtotals:

Current liabilities $80,000

Property Plant and equipment $420,000

Total Stockholders Equity $420,000

Retained earnings $120,000

Total Liabilities $210,000

Other long term assets $70,000

find out the following: Current Assets, long term liabilities, contributed capital, total liabilities and stockholder's equity.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947580

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