Prairie Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Prairie has accounts receivable...

 

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Prairie Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Prairie has accounts receivable of $47,000, inventory of $18,000, and land that cost $40,000. How much are Prairie's total assets and liabilities? Prairie Corporation holds cash of $10,000 and owes $29,000 on accounts payable. Prairie has accounts receivable of $47,000, inventory of $18,000, and land that cost $40,000. How much are Prairie's total assets and liabilities?

Answer rating: 100% (QA)

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