The FastForward Company Balance Sheet Shows Cash $5,000, Accounts Receivable$7,000

question 145

Multiple Choice

The FastForward Company balance sheet shows cash $5,000, accounts receivable$7,000, office equipment $3,000, and accounts payable $4,000. What is the amount of equity?

• A)$19,000.
• B)$1,000.
• C)$15,000.
• D)$12,000.
• E)$11,000.

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