At the end of a recent year, Anderson Cleaning Service, a full-service house and office cleaning service, had total assets of $4,640 and equity of $2,360. How much were Anderson Cleaning Service's liabilities? O A. $7,000 O B. $2,280 O C. $4,640 O D. $2,360

At the end of a recent year, Anderson Cleaning Service, a full-service house and office cleaning service, had total assets of $4,640 and equity of $2,360. How much were Anderson Cleaning Service's liabilities? O A. $7,000 O B. $2,280 O C. $4,640 O D. $2,360

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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At the end of a recent year, Anderson Cleaning Service, a full-service house and office cleaning service, had total assets of $4,640 and equity of $2,360. How much were Anderson Cleaning Service's liabilities?
O A. $7,000
O B. $2,280
O C. $4,640
O D. $2,360

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