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ABC Company had the following accounts and balances at the end of the first year of operations. What are total assets at the end of the year? Cash Accounts Payable Common Stock Dividends Operating Expenses Accounts Receivable Inventory Long-term Notes Payable Revenues Salaries Payable $119,000 O $132,000 $79,000 $172,000 $79,000 $21,000 $21,000 $12,000 $25,000 $53,000 $40,000 $33,000 $106,000 $28,000

ABC Company had the following accounts and balances at the end of the first year of operations. What are total assets at the end of the year? Cash Accounts Payable Common Stock Dividends Operating Expenses Accounts Receivable Inventory Long-term Notes Payable Revenues Salaries Payable $119,000 O $132,000 $79,000 $172,000 $79,000 $21,000 $21,000 $12,000 $25,000 $53,000 $40,000 $33,000 $106,000 $28,000

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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ABC Company had the following accounts and balances at the end of the first year of operations. What are total assets at the end of the year? Cash Accounts Payable Common Stock Dividends Operating Expenses Accounts Receivable Inventory Long-term Notes Payable Revenues Salaries Payable Ⓒ$119,000 O $132,000 $79,000 O $172,000 $79,000 $21,000 $21,000 $12,000 $25,000 $53,000 $40,000 $33,000 $106,000 $28,000
Transcribed Image Text:ABC Company had the following accounts and balances at the end of the first year of operations. What are total assets at the end of the year? Cash Accounts Payable Common Stock Dividends Operating Expenses Accounts Receivable Inventory Long-term Notes Payable Revenues Salaries Payable Ⓒ$119,000 O $132,000 $79,000 O $172,000 $79,000 $21,000 $21,000 $12,000 $25,000 $53,000 $40,000 $33,000 $106,000 $28,000
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