Michael Company reports Total Assets of $252,000. Common stock of $47,000 and retaind earnings of $112,000. What are the total liabilties at the end of the year?   A. $93,000   B. $140,000   C. $187,000   D.$ 205,0

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Michael Company reports Total Assets of $252,000. Common stock of $47,000 and retaind earnings of $112,000. What are the total liabilties at the end of the year?

 
A.
$93,000
 
B.
$140,000
 
C.
$187,000
 
D.$ 205,000
 
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