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Accounting Equation Assignment | Top Universities

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January 29th, 2020

The following accounting equation represents the financial position of the Bentley Company. Assets Cash + Land 600 + 2,200 Liabilities Notes Payable 1,000 + + Stockholders' Equity Common Stock + Retained Earnings 1,400 400 Based on this equation, Bentley ple Choice can pay a $600 cash dividend can pay off its note payable can pay only $400 of its note payable None of the answers is correct. Get Accounting homework help today

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