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ABC Company had the following final balances after the first year of operations: assets, $ 7 5 , 0 0 0 ; liabilities, $ 3

ABC Company had the following final balances after the first year of operations: assets, $

75, 000

; liabilities, $

32, 000

; and retained earnings, $

14, 000 .

What is the amount of ABC Company

s common stock?

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