$900.

, 3.$1,200. , 4.$1,700.">
MCQs > Finance & Management > Bookkeeping >

Remington Inc. has provided the following information about its balance sheet:


Cash                                 $ 100

Accounts receivable       $  500

Stockholders' equity       $  700

Accounts payable           $  200

Bank loans                       $ 1,000


Based on the information provided, how much do their liabilities amount to?

Bookkeeping MCQs

Remington Inc. has provided the following information about its balance sheet:


Cash                                 $ 100

Accounts receivable       $  500

Stockholders' equity       $  700

Accounts payable           $  200

Bank loans                       $ 1,000


Based on the information provided, how much do their liabilities amount to?

Answer

Correct Answer: $1,200.

Explanation:

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