As of December 31, 2007, Stone land Corporation has assets of ($ 3,500) and stockholders' equity of
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As of December 31, 2007, Stone land Corporation has assets of \(\$ 3,500\) and stockholders' equity of \(\$ 2,000\). What are the liabilities for Stone land Corporation as of December 31, 2007?
(a) \(\$ 1,500\)
(c) \(\$ 2,500\).
(b) \(\$ 1,000\)
(d) \(\$ 2,000\)
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Accounting Tools For Business Decision Making
ISBN: 9780470377857
3rd Edition
Authors: Paul D. Kimmel
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