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If total liabilities decreased by $4960, then A O stockholders' equity must have decreased by $4960. O assets must have decreased by $4960, or stockholders'
If total liabilities decreased by $4960, then A O stockholders' equity must have decreased by $4960. O assets must have decreased by $4960, or stockholders' equity must have increased by $4960. O assets must have increased by $4960. O assets and stockholders' equity each increased by $2480
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