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The New Company's assets equal $124,000, and its stockholders' equity totals $48,500. What is the amount...

The New Company's assets equal $124,000, and its stockholders' equity totals $48,500. What is the amount of its liabilities?

$212,500 $144,000 $75,500 $88,500

Business   Accounting   
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Answer #1

Ans is $75,500

Working:-

Assets (a) 124000
Stockholders equity (b) 48500
Liab (a-b) 75500
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