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(6 Marks) As of January 1, 2010, a corporation had assets of $340,000 and liabilities of $120,000. During 2010, assets increased $45,000 and liabilities increased

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(6 Marks) As of January 1, 2010, a corporation had assets of $340,000 and liabilities of $120,000. During 2010, assets increased $45,000 and liabilities increased $15,000. What was stockholders' equity on December 31, 2010

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