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A company began the year with assets of $118,000, liabilities of $29,000, and stockholders' equity of $89,000. During the year assets increased $56,800 and stockholders'

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A company began the year with assets of $118,000, liabilities of $29,000, and stockholders' equity of $89,000. During the year assets increased $56,800 and stockholders' equity increased $23,600. What was the change in liabilities for the year? Multiple Choice ncrease of $80,400 ncrease of $33,200 Decrease of $80,400 Decrease of $33,200

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