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Argosy University/ Phoniex University/
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Category > Accounting Posted 24 Aug 2017 My Price 6.00

appropriate dollar amount

LO5

Exercise 1-7 The Accounting Equation

For each of the following cases, fill in the blank with the appropriate dollar amount.

	Case 1	Case 2	Case 3	Case 4
Total assets, end of period	$40,000	$	$75,000	$50,000
Total liabilities, end of period		15,000	25,000	10,000
Capital stock, end of period	10,000	5,000	20,000	15,000
Retained earnings, beginning of period	15,000	8,000	10,000	20,000
Net income for the period	8,000	7,000		9,000
Dividends for the period	2,000	1,000	3,000

Exercises 35

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Status NEW Posted 24 Aug 2017 11:08 PM My Price 6.00

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