Use the following information as of December 31 to determine equity. Cash $ 77,000 Buildings 195,000 Equipment 226,000 Liabilities 161,000 Multiple Choice $77,000. $161,000. $498,000. $337,000. $659,000.
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The total assets are the sum of cash, buildings, and equipment. Total assets = Cash + Buildings + Equipment Total assets = $77,000 + $195,000 + $226,000 Total assets = $498,000 Show more…
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