Wave Rider is famous for custom skateboards. At the end of a recent year, Wave Riders total

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Wave Rider is famous for custom skateboards. At the end of a recent year, Wave Rider’s total assets added up to $884 million and stockholders’ equity was $187 million. How much did Wave Rider owe creditors?

a. $1,071 million

b. $884 million

c. $697 million

d. $187 million AppendixLO1

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Rashul Chutani

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