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A company has Cash = $150,000; Inventory = $50,000; Accounts Receivable = $75,000; Fixed Assets $100,000; and Accounts Payable = $25,000. Compute the company's Total Asset balance. = $350,000 $325,000 $100,000 $375,000

A company has Cash = $150,000; Inventory = $50,000; Accounts Receivable = $75,000; Fixed Assets $100,000; and Accounts Payable = $25,000. Compute the company's Total Asset balance. = $350,000 $325,000 $100,000 $375,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has Cash = $150,000; Inventory = $50,000; Accounts Receivable = $75,000; Fixed Assets = $100,000; and Accounts Payable = $25,000. Compute the company's Total Asset balance. $350,000 $325,000 $100,000 O $375,000
Transcribed Image Text:A company has Cash = $150,000; Inventory = $50,000; Accounts Receivable = $75,000; Fixed Assets = $100,000; and Accounts Payable = $25,000. Compute the company's Total Asset balance. $350,000 $325,000 $100,000 O $375,000
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