Solution-What the new balance of anderson liability is

What the new balance of anderson liability is

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Problem 1: The total liability of Anderson is 150,000 of which 80,000 was paid in cash and 10,000 was issued with promissory note. The new balance of Anderson's liability is?

Problem2: Total operating expenses of Model service for the period is 150,000 which is paid in cash except for the 15,000 payable in the subsequent period. The operating expense for the period is?

Reference no: EM132987202

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What the new balance of anderson liability is

Reference no: EM132987202

Reference no: EM132987202

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