Girard Unlimited, a new company, completed these transactions. 1. Stockholders invested $55,000 cash and inventory with a

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Girard Unlimited, a new company, completed these transactions.

1. Stockholders invested $55,000 cash and inventory with a fair value of $30,000.

2. Sales on account, $25,000. What will Girard’s total assets equal?
a. $110,000
b. $85,000
c. $55,000
d. $80,000

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Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 13, 2019 09:06 AM

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Girard Unlimited, a new company, completed these transactions. 1. Stockholders invested $55,000 cash and inventory with a

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Financial Accounting

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