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Assume the Violetta Company began business 3 years ago when it exchanged stock worth $100,000 for cash. After 3 years, the Violetta has assets of
Assume the Violetta Company began business 3 years ago when it exchanged stock worth $100,000 for cash. After 3 years, the Violetta has assets of $260,000 and equity of $135,000. What are the liabilities?
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