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At the end of the current accounting period, account balances were as follows: Cash, $180,000; Accounts Receivable, $75,000; Common Stock, $20,000; Retained Earnings, $65,000. Liabilities for the period were:

A. $ 70,000.

B. $170,000.

C. $190,000.

D. $210,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948532

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