At the beginning of the year a business has assets of $840.000 and liabilities of $485.000. During
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At the beginning of the year a business has assets of $840.000 and liabilities of $485.000. During the year the business had expenses of $889,560, paid dividends of $110,000, and earned revenues of $1.114.230. In addition, the assets increased by $89.200. Calculate what are total liabilities at the end of the year?
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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