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QUESTION
A company began the year with assets of $100,000, liabilities of $20,000, and stockholders' equity of $80,000. During the year assets increased...
A company began the year with assets of $100,000, liabilities of $20,000, and stockholders' equity of $80,000. During the year assets increased $55,000 and stockholders' equity increased $20,000. What was the change in liabilities for the year?
