What is your total liability following all of these transactions? - ProProfs Discuss
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What is your total liability following all of these transactions? Suppose you buy a car $10,000 and own the car outright, but buy a house for $350,000 the next year and provide $50,000 for a down payment.



A. $360,000
B. $300,000
C. $350,000
D. $320,000

This question is part of Accounting Final Exam
Asked by Macbuff, Last updated: Apr 07, 2020

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3 Answers

John Adney

John Adney

Answered Oct 01, 2017

The answer is B. i dont know how you came up with D

 

John Adney

John Adney

Answered Sep 20, 2017

Please explain.....$320,000 doesn't make sense to me.

 

John Smith

John Smith

Answered May 22, 2017

$320,000
 

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