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>Scott Corp., an apparel company, has total assets worth $76,000. The owner's initial investment in Scott Corp. stood at $8,000, and profits that were not

>Scott Corp., an apparel company, has total assets worth $76,000. The owner's initial investment in Scott Corp. stood at $8,000, and profits that were not paid out to owners over time was at $16,000. Calculate the total liabilities.

A = L + OE

76= x + 24

A = L + OE

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