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A company began the year with assets of $115,000, liabilities of $27,500, and stockholders' equity of $87,500. During the year assets increased $56,500 and stockholders'

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A company began the year with assets of $115,000, liabilities of $27,500, and stockholders' equity of $87,500. During the year assets increased $56,500 and stockholders' equity increased $23,000. What was the change in liabilities for the year? Increase of $79,500 Increase of $33,500 Decrease of $79,500 Decrease of $33.500 During the current year, Sue Shells, Incorporated's total liabilities decreased by $25,900 and stockholders' equity increased by $4,550. By what amount and in what direction did Sue's total assets change during the same time period? $30.450 increase. $30,450 decrease. $21,350 decrease. $21,350 increase

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