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(Solution) - Construct a balance sheet for Galactic Enterprises given the fol

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Construct a balance sheet for Galactic Enterprises given the following data:
Cash balances ...... $25,000
Inventories ....... $30,000
Net plant and equipment . $140,000
Accounts receivable .... $35,000
Accounts payable ..... $24,000
Long-term debt ...... $130,000

What is shareholders? equity?


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This question was answered on: Jul 11, 2017

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