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1 February, 20:51

pin Co. has $52,000 in its Cash account, $20,000 in its Inventory account, and $12,000 in its Notes Payable (short-term) account. If Spin's only other account is Common Stock, what is the balance of that account?

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  1. 1 February, 20:54
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    60000

    Step-by-step explanation:

    Assets - liabilities = share holder equity

    (52,000+20,000) - 12,000=60000
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