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Homework. Unanswered Homelawn Inc. had total assets at December 31, 2025 of $60,000 and common stock of $10,000. Homelawn went into business on January 1,
Homework. Unanswered Homelawn Inc. had total assets at December 31, 2025 of $60,000 and common stock of $10,000. Homelawn went into business on January 1, 2022, and no stock was issued after that time. Its record of net income and dividends paid was as follows. How much does Homelawn have in total liabilities at December 31, 2025? 2022 2023 2024 2025 Net Income (Loss) $5,000 $7,000 $12,000 $1,000 Dividends $0 $0 $10,000 $0 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $49,000 $50,000 $59,000 d $60,000 [] FL e None of the above
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