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Posted on Jul 23, 2024

On March 1 , ABX Company's assets are $ 1 1 1 , 0 0 0 and its liabilities are $ 4 1 , 0

On March

1,

ABX Company's assets are $

111, 000

and its liabilities are $

41, 000 .

On March

5,

ABX is fined $

20, 500

for failing

emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX?

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