Acct HW 1 - a) 136000, b) 25000, c) 35000, d) 31000 1-23:...

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Joe Black Acct Hw 1 1-6: a) liabilities = 2600, claims = 2600 b) assets = 5400, net assets = 3000 c) equity = 27,600, net assets = 2600 1-10: see attached 1-11: a) oa f) oa b) fa g) oa c) fi h) oa d) ia i) na e) oa j) oa 1-13: see attached 1-18:
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Unformatted text preview: a) 136000, b) 25000, c) 35000, d) 31000 1-23: a) net income = 20500, c) 56700, d) 11700, e) -17000, f) 45000, g) 39700, h) 17.5% from creditors, 61.7% from investors, 52.9% from earnings Joe Black Acct Hw 1...
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This homework help was uploaded on 04/09/2008 for the course ACCT 221 taught by Professor Catherinewest during the Fall '06 term at UMass (Amherst).

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Acct HW 1 - a) 136000, b) 25000, c) 35000, d) 31000 1-23:...

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