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April 27, 2015

Homework Help: childcare

Posted by Abbie on Wednesday, December 16, 2009 at 6:28pm.

The balance Sheet for ABC Day Care has Total Assets of $ 195,400, Total Liabilities of $ 129,500, and Total Owner's Equity of $ 57,300. What can we say about ABC Day Care?

A it's a very successful business
B It has too much debt.
C Someone made a mistake doing its balanace Sheet
D Someone stle $8,600 from ABC

The correct answer is C

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