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Question 96 1 pts If assets increase $210,000 during a given period and liabilities increase $65,000 during the same period, stockholders' equity must: decrease $275,000

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Question 96 1 pts If assets increase $210,000 during a given period and liabilities increase $65,000 during the same period, stockholders' equity must: decrease $275,000 decrease $145,000 increase $145,000 increase $275.000 Question 97 1 pts Stockholders' equity for Commerce Corporation on January 1, 2010 and December 31, 2010 were $60,000 and $75,000, respectively. Assets on January 1, 2010 and December 31, 2010 were $115,000 and $105,000, respectively. Liabilities on January 1, 2010 were $55,000. What is the amount of liabilities on December 31, 2010? $15,000 $40.000 The amount is indeterminable from the given information $30,000

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