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Question
ABC Construction, Inc. has buildings and equipment of $315,600, long-term debt of $154,700, accounts payable of $52,000, cash of $9,800, accounts receivable of $18,300, inventory of $62,000, and retained earnings of $147,000. What is the total equity of the firm?A. $5,200
B. $97,000
C. $147,000
D. $199,000
E. $228,000
Answer
This answer is hidden. It contains 135 characters.
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