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On January 1, 2019, a company reported assets of $1900000 and liabilities of $600000. During 2019, assets decreased by $100,000 and Stockholder's Equity decreased $200,000.
On January 1, 2019, a company reported assets of $1900000 and liabilities of $600000. During 2019, assets decreased by $100,000 and Stockholder's Equity decreased $200,000.
What is the amount of liabilities at December 31, 2019?
Enter your answer to the nearest whole number.
What is the amount of liabilities at December 31, 2019?
Enter your answer to the nearest whole number.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
