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Crane Enterprises' total assets decreased by $11440 during the year. Its stockholders' equity increased by $12480 during the same period. Net income totaled $8320

Crane Enterprises' total assets decreased by $11440 during the year. Its stockholders' equity increased by $12480 during the same period. Net income totaled $8320 during the year. What occurred to the company's total liabilities during the year? O $23920 decrease O $15600 decrease O $32240 decrease O $1040 increase

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