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  3. the balance sheet for kamel corporation follows.

The balance sheet for Kamel Corporation follows. Current...

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Accounting

The balance sheet for Kamel Corporation follows.
Current assets $ 240,000
Long-term assets (net)760,000
Total assets $ 1,000,000
Current liabilities $ 150,000
Long-term liabilities 450,000
Total liabilities 600,000
Common stock and retained earnings 400,000
Total liabilities and stockholders equity $ 1,000,000

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