5. Consider the Accounting Equation: If Holly Company provided the following financial statement information on...

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Accounting

5. Consider the Accounting Equation: If Holly Company provided the following financial statement information on their balance sheet: Total Assets = $860,000 Total Stockholder's Equity = $560,000 What is the total of Holly Company's liabiliites showing on their Balance Sheet?

$1,420,000
$60,000
$300,000
$160,000

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