During the year, a firm reported a decrease in assets of $ 34,700. For the...
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Accounting
During the year, a firm reported a decrease in assets of $ 34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the change in liabilities for the year?
a.
$43,600
b.
$59,800
c.
$8,900
d.
$25,800
e.
$42,800
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