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A Company Has the Following Balance Sheet Items: Current Liabilities

Question 100

Multiple Choice

A company has the following balance sheet items: Current liabilities = $1,200, Cash = $750, Fixed assets = $2,380, Long-term debt = $1,850, Accounts receivable = $450. What is shareholder's equity for the company?


A) $940
B) $620
C) $530
D) $750
E) $460

Correct Answer:

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