Assume ABC Inc., has revenues of $10,000 and expenses of $12,000 in a particular month and has

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Assume ABC Inc., has revenues of $10,000 and expenses of $12,000 in a particular month and has assets of $25,000. What are the company's liabilities during that period?

A. $17,000

B. $42,000

C. $27,000

D. $2,000

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Mar 14, 2022 07:17 AM

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Assume ABC Inc., has revenues of $10,000 and expenses of $12,000 in a particular month and has

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The right option of this question is option c 27000 Explanation Accounting equa... View the full answer

Government and Not for Profit Accounting Concepts and Practices

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