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9. On its Balance Sheet, a company reports Total Assets of $180 million, Common Stock of $55 million and Retained Earnings of $30 million. What

9. On its Balance Sheet, a company reports Total Assets of $180 million, Common Stock of $55 million and Retained Earnings of $30 million. What amount is reported on the balance sheet for Total Liabilities? a. $85 million b. $95 million c. $125 million d. $150 million 7. List as many of the steps of the accounting cycle that you can recall, in their proper order

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