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Strum Hardware has total assets of $50,000.

What are the total assets if new equipment is purchased for $10,000...

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Strum Hardware has total assets of $50,000.

What are the total assets if new equipment is purchased for $10,000 cash?
a. $45,000
b. $50,000
c. $55,000
d. $60,000

Answer

Total assets are $60,000 because 50,000+10,000=60,000.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 28 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 82 views.

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