The balance sheet of United Studios at December 31 showed assets of $30,000 and shareholders equity of $20,000. What were the liabilities at December 31? a. $30,000 b. $10,000 c. $20,000 d. $50.000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The balance sheet of United Studios at December
31 showed assets of $30,000 and shareholders
equity of $20,000. What were the liabilities at
December 31?
a. $30,000
b. $10,000
c. $20,000
d. $50.000
Transcribed Image Text:The balance sheet of United Studios at December 31 showed assets of $30,000 and shareholders equity of $20,000. What were the liabilities at December 31? a. $30,000 b. $10,000 c. $20,000 d. $50.000
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