Answered: Greenwood Technologies Inc. reported…

Greenwood Technologies Inc. reported its balance sheet as of December 31, showing total assets of $75,000 and shareholders' equity of $45,000. What were the total liabilities on December 31?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

What were the total liabilities on December 31 on these general accounting question?

Greenwood Technologies Inc. reported its balance
sheet as of December 31, showing total assets of
$75,000 and shareholders' equity of $45,000. What
were the total liabilities on December 31?

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