ABC Builders submitted its first Pay Request on March 31, 2023, for the partially completed work on

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ABC Builders submitted its first Pay Request on March 31, 2023, for the partially completed work on a project started on 01-01-2023. Upon receiving the payment, the company plans to pay the following:

Labor for its subcontractors $180,000, for March 2023.

Consultants Fee, for each month from the start of 2023, $50,000

Monthly Equipment Lease $25,000

Monthly Utilities $ 10,000

Monthly Materials $30,000

How much would be the Net Worth of the company on March 31st, 2023?

Related Book For answer-question

Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Aug 21, 2023 06:25 AM

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ABC Builders submitted its first Pay Request on March 31, 2023, for the partially completed work on

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To calculate the net worth of the company on March 31st 2023 we need to consider the assets and ... View the full answer

Modern Advanced Accounting In Canada

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