Exam (elaborations)
ACT Exam 1 with complete solutions
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Basic Accounting Equation Assets = Liabilities + Owner's Equity •The liabilities of Platt Company are $90,000. Owner's capital is $150,000; drawings are $40,000; revenues, $450,000; and expenses, $340,000. What is the amount of Platt Company's total assets? $310,000 00:51 01:...
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