The balance sheet of Urban Ltd at December 31 showed assets of $89,500 and shareholders' equity of $63,200. What were the liabilities at December 31?
The balance sheet of Urban Ltd at December 31 showed assets of $89,500 and shareholders' equity of $63,200. What were the liabilities at December 31?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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What were the liabilities at December 31 ??

Transcribed Image Text:The balance sheet of Urban Ltd at
December 31 showed assets of
$89,500 and shareholders' equity
of $63,200. What were the
liabilities at December 31?
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