What is the total amount of the corporation assets


A corporation purchased a $40,000 delivery truck by paying 4,000 cash and signing a $36,000 note payable. Immediately prior to this transaction the corporation had assets, liabilities and owners' equity in the amounts of $75,000; $52,000; and $23,000 respectively. What is the total amount of the corporation's assets after this transaction has been recorded?

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Accounting Basics: What is the total amount of the corporation assets
Reference No:- TGS060961

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