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During the first year, Fox Supply has total assets of $15,000 and liabilities of $10,875. During the second year, assets increase by $1,375, and owners
During the first year, Fox Supply has total assets of $15,000 and liabilities of $10,875. During the second year, assets increase by $1,375, and owners equity increases by $950. How much is total liabilities at year-end?
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