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A firm reports total liabilities of $3,200 and stockholders' equity of $2,500. What is the amount of total assets?

A firm reports total liabilities of $3,200 and stockholders' equity of $2,500. What is the amount of total assets?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE
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A firm reports total liabilities of $3,200 and stockholders' equity of $2,500. What is the amount of total assets?
Transcribed Image Text:A firm reports total liabilities of $3,200 and stockholders' equity of $2,500. What is the amount of total assets?
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