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Q1) find out

1) Current Assets

2) Total Assets

3) Net Income based on the number listed below.

Be sure to clearly label your answer and show all work

Cash
10,000
Accounts payable
20,000
Land
100,000
Common Stock
500,000
Merchandise Inventory
75,000
Sales
150,000
Rent Expense
25,000
Salaries Expense
35,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920569

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