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At the beginning of the period, assets were $400,000 and stockholder's equity was $150,000. During the year, assets increased by $30,000, liabilities increased by $50,000
At the beginning of the period, assets were $400,000 and stockholder's equity was $150,000. During the year, assets increased by $30,000, liabilities increased by $50,000 and stockholder's equity was unchanged. What were beginning liabilities
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
