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What the total amount of the company assets has

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Reference no: EM132911085

Problem 1: Company purchased a large printing press for ?600,000 paying ?100,000 cash and signing a fiveyear note for ?500,000. As a result, the total amount of the company's assets has:

a. increased by ?600,000
b. increased by ?500,000
c. decreased by ?100,000
d. increased by ?400,000

Problem 2: The owner's capital is ?150,000. The creditors have 60% claims on total assets. What is the correct amount of total assets?

a. ?250,000
b. ?90,000
c. ?60,000
d. ?375,000

Reference no: EM132911085

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