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Emmitt had the following final balances after the first year of operations: assets, $36,600; stockholders' equity, $13,900; dividends, $3,500; and net income, $10,600. What is

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Emmitt had the following final balances after the first year of operations: assets, $36,600; stockholders' equity, $13,900; dividends, $3,500; and net income, $10,600. What is the amount of Emmitt's liabilities? Multiple Choice $8,600 $22,700 $36,600 $19,900

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