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Microsoft Corporation Scenario: Microsoft Corporation reported total assets of $300 billion and total liabilities of $150 billion on January 1, 2024. Throughout the year, Microsoft
·Microsoft Corporation Scenario: Microsoft Corporation reported total assets of $300 billion and total liabilities of $150 billion on January 1, 2024. Throughout the year, Microsoft acquired a smaller software company for $50 billion, issued $30 billion in common stock to raise funds, and paid off $10 billion of its accounts payable. Calculate the new total assets, liabilities, and owner's equity after these transactions.
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