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Luxor Co. reported the following amounts at the end of the first year of operations: common stock $40,000; sales revenue $95,000; total assets $80,000; no

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Luxor Co. reported the following amounts at the end of the first year of operations: common stock $40,000; sales revenue $95,000; total assets $80,000; no dividends paid; and total liabilities $30.000. What is stockholders' equity

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