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Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $1,250,000 B. $1,357,000 C. $1,500,000 D. $1,750,000. Choose the correct option

Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $1,250,000 B. $1,357,000 C. $1,500,000 D. $1,750,000. Choose the correct option

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....
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Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $1,250,000 B. $1,357,000 C. $1,500,000 D. $1,750,000. Choose the correct option

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