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On March 1, ABX Companys assets are $117,000 and its liabilities are $47,000. On March...

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Accounting

On March 1, ABX Companys assets are $117,000 and its liabilities are $47,000. On March 5, ABX is fined $23,500 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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