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Luca Pacioli is setting up a new business. Before actually selling anything, he bought a van for $13,000, a market stall for $1,050, a computer for $450 and an inventory of goods for $8,000. He did not pay in full for his inventory and still owes $3,000 for them. He borrowed $10,000 from Basil Yamey. After the events just described he has $1,400 cash in hand and $4,700 in the bank. Calculate the amount for his capital.
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Luca Pacioli is setting up a new business. Before actually selling anything, he bought a van for $13...
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