TimeElapsed6 minutes out of 1 hour.InstructionsDO NOT OPEN this quiz until you have read chapter 1 Accy 201 Readings,practiced with the assigned homework for week 8 and reviewed yournotes. You will have 3 attempts for this quiz. Your highest score will berecorded in gradebook. The quiz is timed. You will have 25 minutes. Besure to save and submit your answers as you complete them. This quiz isdue by 11:00 pm on Sunday.Question 1Baggins Incorporated has $743,623 in liabilities and $376,414 in owner's equity. Whatare its total assets?
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