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QUESTION
if I am out on an audit and reviewing financial statements for the abc brokerage firm. for year end 2010 abc's balance sheet reflects assets of...
if I am out on an audit and reviewing financial statements for the abc brokerage firm. for year end 2010 abc's balance sheet reflects assets of 1,200,000 and liabilities of 1,250,000. the commissions receivable are 300,000. what is the net capital for the year end?
