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At December 31, 2009, Itah Inc. has $80,000 of assets and $45,000 of stockholders' equity. On January 5, 2010, the company bought $25,000 of assets
At December 31, 2009, Itah Inc. has $80,000 of assets and $45,000 of stockholders' equity. On January 5, 2010, the company bought $25,000 of assets by incurring a liability. Itah's liabilities and stockholders' equity after the purchase are, respectively
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