Question

Gauthy & Corporation
Balance Sheet
December 31, 2012
Assets:
Cash
$25,000
Inventories
$35,000
Land
$125,000
Building
$400,000
Equipment
$250,000
Other assets
$10,000
Liabilites :
Accounts payable $50,000
Loans payable х
Stockholder's equity
Capital stock
$120,000
Retained earnings $600,000
What should be the value of loans

Answer 1

Answer:

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Answer 2

Answer:

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