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QUESTION

1) The following are components of traditional balance sheet How much are the total assets of the firm??

1)     The following are components of traditional balance sheet

How much are the total assets of the firm??

Plant and equipment

42,200

Common Stock

$15,000

Cash

$5,500

Inventory

$20,500

Bad Debt reserve

$6000

Accumulated depreciation

$28,600

Accounts receivable

22,000

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