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Rochester Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Rochester has accounts receivable of $32,000, inventory of $24,000, and land that cost $51,000. How much are Rochesters total assets an liabilities? OA. О в. О с. OD. $ $ $ $ Total Assets 66,000 Total Assets 117,000 Total Assets 117,000 Total Assets 93,000 S $ S $ Total Liabilities 80,000 Total Liabilities 29,000 Total Liabilities 53,000 Total Liabilities 53,000

Rochester Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Rochester has accounts receivable of $32,000, inventory of $24,000, and land that cost $51,000. How much are Rochesters total assets an liabilities? OA. О в. О с. OD. $ $ $ $ Total Assets 66,000 Total Assets 117,000 Total Assets 117,000 Total Assets 93,000 S $ S $ Total Liabilities 80,000 Total Liabilities 29,000 Total Liabilities 53,000 Total Liabilities 53,000

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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Rochester Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Rochester has accounts receivable of $32,000, inventory of $24,000, and land that cost $51,000. How much are Rochester's total assets and liabilities? O A. OB. О с. O D. $ $ $ $ Total Assets 66,000 Total Assets 117,000 Total Assets 117,000 Total Assets 93,000 $ $ S $ Total Liabilities 80,000 Total Liabilities 29,000 Total Liabilities 53,000 Total Liabilities 53,000
Transcribed Image Text:Rochester Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Rochester has accounts receivable of $32,000, inventory of $24,000, and land that cost $51,000. How much are Rochester's total assets and liabilities? O A. OB. О с. O D. $ $ $ $ Total Assets 66,000 Total Assets 117,000 Total Assets 117,000 Total Assets 93,000 $ $ S $ Total Liabilities 80,000 Total Liabilities 29,000 Total Liabilities 53,000 Total Liabilities 53,000
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