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Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee total liabilities increased by $31,000 and its owners' equity decreased by $53,000 during the year, what was the amount of its total assets at the end of the year?
a. $472,000 b. $242,000 c. $198,000 d. $428,000
When inventory costs are declining, which of the following inventory costing method will result in the lowest ending merchandise inventory?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification
The payback period equals the cost of the capital investment divided by annual sales revenue
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Incorporators cannot become shareholders of the corporation they are associated with
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